The US drinks industry saw a rise of 12.7% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 71 deals worth $5.34bn were announced in Q1 2020, compared to the last four-quarter average of 63 deals.

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Venture financing was the leading category in the quarter with 41 deals which accounted for 57.8% of all deals.

In second place was M&A with 24 deals, followed by private equity with six transactions, respectively accounting for 33.8% and 8.5% of overall deal activity in the country’s drinks industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US drinks industry with total deals worth $5.21bn, followed by private equity deals totalled $125.15m.

The US drinks industry deals in Q1 2020: Top deals

The top five drinks deals accounted for 98.1% of the overall value during Q1 2020.

The combined value of the top five drinks deals stood at $5.24bn, against the overall value of $5.34bn recorded for the month.

The top five drinks industry deals of Q1 2020 tracked by GlobalData were:

1) PepsiCo’s $3.85bn acquisition of Rockstar

2) The $957.82m acquisition of Primo Water by Cott

3) WESTROCK COFFEE’s $405m acquisition of S&D Coffee

4) The $17.5m venture financing of Athletic Brewing Co by Blake Mycoskie, Tastemaker Capital Partners and Wheelhouse Partners

5) AccelFoods’s venture financing of Proud Source Water for $6m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.