Europe’s drinks industry drops by 18.8 per cent in deal activity in Q2

Europe’s drinks industry saw a drop of 18.8 per cent in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

A total of 26 deals worth $50.47m were announced for the region during Q2 2020, against the last four-quarter average of 32 deals.

Of all the deal types, venture financing saw most activity in Q2 2020 with 17, representing a 65.4 per cent share for the region.

In second place was M&A with nine deals, representing a 34.6% share of the overall deal activity for the quarter.

In terms of value of deals, venture financing was the leading category in Europe’s drinks industry with $41.36m, followed by M&A deals totalled $9.11m.

Europe drinks industry deals in Q2 2020: Top deals
The top five drinks deals accounted for 67.6% of the overall value during Q2 2020.

The combined value of the top five drinks deals stood at $34.11m, against the overall value of $50.47m recorded for the quarter.

The top five drinks industry deals of Q2 2020 tracked by GlobalData were:

  • Felix Capital Partners, Five Seasons Ventures, Fonterra Ventures and New Ground Ventures’ $15.99m venture financing of YFood Labs
  • The $9.11m acquisition of Rude Health Foods by PepsiCo
  • Crowdberry and Slovak Investment Holding’s $6.62m venture financing of GymBeam
  • The $1.26m venture financing of Sullivans Brewing by Enterprise Ireland
  • Bpifrance and Generis Capital Partners’ venture financing of MyBrazil Factory for $1.13m.