North America’s beverage industry saw a rise of 9.09% in deal activity during September 2021, when compared with the last 12-month average, led by Canada Pension Plan Investment Board, Robert Allen Iger and Temasek Investments’ $350m venture financing of Perfect Day, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.


A total of 24 beverage industry deals worth $464.3m were announced for the region in September 2021, against the 12-month average of 22 deals.

Of all the deal types, venture financing saw most activity in September 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 $445.08m, followed by M&A deals totalled $19.21m.

North America beverage industry deals in September 2021: Top deals

The top five beverage deals accounted for 95.3% of the overall value during September 2021.

The combined value of the top five beverage deals stood at $442.5m, against the overall value of $464.3m recorded for the month.

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

1) Canada Pension Plan Investment Board,Robert Allen Iger and Temasek Investments $350m venture financing deal with Perfect Day

2) The $60m venture financing of Ripple Foods PBC by Ajax Strategies,Euclidean Capital,Fall Line Capital,GV Management Co,OurCrowd,Prelude Ventures,Rage Capital,S2G Ventures and Tao Capital Partners

3) Vintage Wine Estates $16.5m acquisition deal with Vinesse Wines

4) The $9m venture financing of Owl’s Brew by Cambridge Companies SPG,Connecticut Innovations,Formidable Asset Management,Jeannie Mai,Keleigh Teller,Sam Taylor-Johnson,Tidal River and Wheelhouse Entertainment

5) 9Yards Capital,Cambridge Companies SPG,Miroma Ventures and The Merchant Club $7m venture financing deal with Bruvi