North America’s beverage industry saw a rise of 35% in deal activity during April 2021, when compared with the last 12-month average, led by Proximo Spirits’ $600m acquisition of Eire Born Spirits, according to GlobalData’s deals database.

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A total of 27 beverage industry deals worth $1.2bn were announced for the region in April 2021, against the 12-month average of 20 deals.

Of all the deal types, venture financing saw most activity in April 2021 with 14 transactions, representing a 51.9% share for the region.

In second place was M&A with 12 deals, followed by private equity deals with one transactions, respectively capturing a 44.4% and 3.7% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s beverage industry with $983.93m, while private equity and venture financing deals totalled $100m and $90.7m, respectively.

North America beverage industry deals in April 2021: Top deals

The top five beverage deals accounted for 94.4% of the overall value during April 2021.

The combined value of the top five beverage deals stood at $1.11bn, against the overall value of $1.2bn recorded for the month.

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

1) Proximo Spirits’ $600m acquisition of Eire Born Spirits

2) The $345.12m acquisition deal with Supreme CannabisInc by Canopy Growth

3) Wasatch Global Investors’ $100m private equity deal with Vintage Wine Estates

4) The $33m asset transaction with The Hain Celestial Group by SunOpta

5) ATX Venture Partners’ venture financing of CANTEEN Spirits for $31m.