North America’s drinks industry saw a flat growth in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 63 deals worth $783.31m were announced for the region during Q3 2019, against the last four-quarter average of 63 deals.

Of all the deal types, venture financing saw most activity in Q3 2019 with 34, representing a 54% share for the region.

In second place was M&A with 28 deals, followed by private equity deals with one transaction, respectively capturing a 44.4% and 1.6% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s drinks industry with $671.97m, while venture financing and private equity deals totalled $108.75m and $2.59m, respectively.

North America drinks industry deals in Q3 2019: Top deals

The top five drinks deals accounted for 85.9% of the overall value during Q3 2019.

The combined value of the top five drinks deals stood at $672.82m, against the overall value of $783.31m recorded for the quarter.

The top five drinks industry deals of Q3 2019 tracked by GlobalData were:

1) Heaven Hill Brands’ $266m asset transaction with Black Velvet Distilling

2) The $223m acquisition of Castle Brands by Pernod Ricard

3) Grupo Nutresa’s $113m acquisition of Cameron’s Specialty Coffee

4) The $50.82m acquisition of AquaHydrate by The Alkaline Water.

5) CAVU Venture Partners and First Drinks Ventures’ venture financing of Health-Ade for $20m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.