US beverage industry saw a rise of 27.78% in overall 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 23 deals worth $819.7m were announced in April 2021, compared with the 12-month average of 18 deals.

venture financing was the leading category in the month in terms of volume with 13 deals, which accounted for 56.5% of all deals.

In second place was M&A with nine deals, followed by private equity with one transactions, respectively accounting for 39.1% and 4.4% of overall deal activity in the US technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the US beverage industry with total deals worth $633m, while private equity and venture financing deals totalled $100m and $86.7m respectively.

US beverage industry deals in April 2021: Top deals

The top five beverage industry deals accounted for 95.8% of the overall value during April 2021.

The combined value of the top five beverage deals stood at $785m, against the overall value of $819.7m 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 $100m private equity deal with Vintage Wine Estates by Wasatch Global Investors

3) SunOpta’s $33m asset transaction with The Hain Celestial Group

4) The $31m venture financing deal with CANTEEN Spirits by ATX Venture Partners

5) Horizons Ventures, Litani Ventures and SOSV Investments’ venture financing with Ava Food Labs for $21m.