North America’s beverage industry saw a rise of 9.09% in deal activity during August 2021, when compared with the last 12-month average, led by 7-Eleven, Dave Burwick, Dave Peacock, Doss Cunningham, Durable Capital Partners and LivWell Ventures’ $106m venture financing of Kitu Life, according to GlobalData’s deals database.

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A total of 24 beverage industry deals worth $346.4m were announced for the region in August 2021, against the 12-month average of 22 deals.

Of all the deal types, venture financing saw most activity in August 2021 with 17 transactions, representing a 70.8% share for the region.

In second place was M&A with six deals, followed by private equity deals with one transactions, respectively capturing a 25% and 4.2% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in North America’s beverage industry with $286.39m, followed by M&A deals totalled $60m.

North America beverage industry deals in August 2021: Top deals

The top five beverage deals accounted for 53.2% of the overall value during August 2021.

The combined value of the top five beverage deals stood at $184.1m, against the overall value of $346.4m recorded for the month.

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

1) 7-Eleven,Dave Burwick,Dave Peacock,Doss Cunningham,Durable Capital Partners and LivWell Ventures $106m venture financing deal with Kitu Life

2) The $60m acquisition of Cultivauna by ayr Wellness

3) 24kGoldn,Blake Gray,Bryce Hall,CAVU Venture Partners,Chantel Jeffries,Ellie Goulding,Griffin Johnson,Halsey,Josh Richards,Kevin Love,Kygo,Nicole Scherzinger,Noah Beck,Olivia Munn,Russell Westbrook and The Chainsmokers $13.5m venture financing deal with Vngr Beverage

4) The $4.5m venture financing of Compound foods by Collaborative Fund,Humboldt Fund,Lowercarbon Capital,Maple VC Partners,Nick Green and

5) Zell Founders Fund $0.1m venture financing deal with Just Enough Wines