The US drinks industry saw a rise of 3.8% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 55 deals worth $2.62bn were announced in Q2 2019, compared to the last four-quarter average of 53 deals.

Venture financing was the leading category in the quarter with 32 deals which accounted for 58.2% of all deals.

In second place was M&A with 18 deals, followed by private equity with five transactions, respectively accounting for 32.7% and 9.1% 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 $2bn, while private equity and venture financing deals totalled $554.7m and $68.83m, respectively.

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The US drinks industry deals in Q2 2019: Top deals

The top five drinks deals accounted for 97.5% of the overall value during Q2 2019.

The combined value of the top five drinks industry deals stood at $2.56bn, against the overall value of $2.62bn recorded for the quarter. The top announced US drinks industry deal tracked by GlobalData in Q2 2019 was E. & J. Gallo Winery’s $1.7bn asset transaction with Constellation Brands.

In second place was the $510m private equity deal with Bolthouse Farms by Butterfly Equity and in third place was The Boston Beer’s $300m acquisition of Dogfish Head Brewery.

The $40m private equity deal with Q Tonic by Eurazeo PME and Cambridge Companies SPG, Dwight Funding and Everplus Capital’s venture financing of LIFEAID Drinks Company for $7.7m held fourth and fifth positions, respectively.

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.