North America’s beverage industry saw a rise of 9.52% in deal activity during July 2021

North America’s beverage industry saw a rise of 9.52% in deal activity during July 2021, when compared with the last 12-month average, led by Sycamore Partners’ $1.2bn acquisition of Ste. Michelle Wine Estates, according to GlobalData’s deals database.

 

A total of 23 beverage industry deals worth $1.3bn were announced for the region in July 2021, against the 12-month average of 21 deals.

Of all the deal types, venture financing saw most activity in July 2021 with 13 transactions, representing a 56.5% share for the region.

In second place was M&A with eight deals, followed by private equity deals with two transactions, respectively capturing a 34.8% and 8.7% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in North America’s beverage industry with $1.2bn, followed by venture financing deals totalled $62.42m.

North America beverage industry deals in July 2021: Top deals

The top five beverage deals accounted for 98.5% of the overall value during July 2021.

The combined value of the top five beverage deals stood at $1.24bn, against the overall value of $1.3bn recorded for the month.

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

1) Ste. Michelle Wine Estates $1.2bn private equity deal with Sycamore Partners

2) The $20m venture financing of Spinn by Alexa Fund,Bar 9 Ventures and Spark Capital Growth

3) Advanced Bio Development $16m venture financing deal with Adam Schefter,L Catterton,Lowell Taub and Saquon Barkley

4) The $3.2m venture financing of PBC and Smile Beverage Werks by Dennis H Chookaszian,Fran Rathke,Paul Comey and Stephen J. Sabol

5) XED Beverage $4.5m venture financing deal with Andrew Merinoff,Omri Krigel and Surround Ventures