Led by $34.16m private equity deal with Orchard House Foods, Europe’s beverage industry saw a drop of 16.13% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 26 deals worth $75.16m were announced for the region during Q1 2021, against the last four-quarter average of 31.00 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 11 deals, representing a 42.3% share for the region.

In second place was venture financing with ten deals, followed by private equity deals with five transactions, respectively capturing a 38.5% and 19.2% share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in Europe’s beverage industry with $34.79m, while venture financing and M&A deals totalled $28.5m and $11.86m, respectively.

Europe beverage industry deals in Q1 2021: Top deals

The top five beverage deals accounted for an 82.3% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $61.83m, against the overall value of $75.16m recorded for the quarter.

The top five beverage industry deals of Q1 2021 tracked by GlobalData were:

1) Elaghmore Fund 1A’s $34.16m private equity deal with Orchard House Foods

2) The $11.2m acquisition of Union Distillers by British Honey

3) Stonebridge and Ursula Burns’ $9.51m venture financing of CleanCo Ventures

4) The $3.49m venture financing deal with Wayout by Alsteron, Margareta Steinsvik and Moomin Characters

5) Danone Manifesto Ventures, Dave Nolan, Hector Bellerin, Kevin Glynn, Roger Hassan and Tom Carroll’s venture financing with Moju for $3.47m.