Led by $4.3bn private equity deal with Nestle Waters North America, North America’s beverage industry saw a drop of 11.11% 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 56 deals worth $5.12bn were announced for the region during Q1 2021, against the last four-quarter average of 63 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 28 deals, representing a 50% share for the region.

In second place was venture financing with 22 deals, followed by private equity deals with six transactions, respectively capturing a 39.3% and 10.7% share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in North America’s beverage industry with $4.41bn, while M&A and venture financing deals totalled $638.51m and $74.65m, respectively.

North America beverage industry deals in Q1 2021: Top deals

The top five beverage deals accounted for a 98.6% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $5.05bn, against the overall value of $5.12bn recorded for the quarter.

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

1) Metropoulos and One Rock Capital Partners’ $4.3bn private equity deal with Nestle Waters North America

2) The $475m acquisition of Luxco by MGP Ingredients

3) Becle SAB de CV’s $158.38m acquisition of 51% stake in Eire Born Spirits

4) The $105m private equity deal for 0.29% stake with Constellation Brands by Redstone Companies

5) Acre Venture Partners, Alpha Edison, Baron Davis and Cathy Richards’ venture financing with Uplifting Results Labs for $8.2m.