Drinks industry deals top $2.9bn in Q2 2019

18 September, 2019 by Andy Young

Deal across the global drinks industry in the second quarter of 2019 totalled $2.98bn according to data and analytics company, GlobalData.

The figures do not include Asahi’s bid to buy Carlton & United Breweries, but the value of the deals was up 60.7 per cent on the previous quarter and a down 36.1 per cent when compared with the last four-quarter average of $4.66bn.

Advertisement

GlobalData said: “In terms of number of deals, the sector saw a rise of 23.1 per cent over the last four-quarter average with 128 deals against the average of 104 deals.

“In value terms, North America led the activity with deals worth $2.63bn.

“The top five drinks deals accounted for 90.7 per cent of the overall value during Q2 2019.

“The combined value of the top five drinks deals stood at $2.7bn, against the overall value of $2.98bn recorded for the quarter.”

The top five drinks deals tracked by GlobalData in Q2 2019 were:

  1. E. & J. Gallo Winery’s $1.7bn asset transaction with Constellation Brands
  2. The $510m private equity deal with Bolthouse Farms by Butterfly Equity
  3. The Boston Beer’s $300m acquisition of Dogfish Head Brewery
  4. The $150m venture financing of Ruixing Coffee (Beijing) by BlackRock
  5. Eurazeo PME’s private equity deal with Q Tonic for $40m