In the global beverage industry, there were 59 M&A deals announced in Q3 2023, worth a total value of $1.2bn, according to GlobalData’s Deals Database. The $362m acquisition of Vital Pharmaceuticals by Blast Asset Acquisition was the industry’s largest disclosed deal. GlobalData’s Consumer Goods Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 report offers critical insights into the M&A activity in the industry and the key themes driving the top deals. Buy the report here.
In value terms, M&A activity decreased by 76% in Q3 2023 compared with the previous quarter’s total of $5bn and fell by 55% as compared to Q3 2022. Related deal volume decreased by 27% in Q3 2023 versus the previous quarter and was 20% lower than in Q3 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 31% share of the global beverage industry’s M&A activity in Q3 2023, up 20% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Rothschild & Co; Nomura; Houlihan Lokey with 5, 3, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Gibson, Dunn & Crutcher; Baker & McKenzie; CMS Legal Services EEIG with 4, 3, 3 deals respectively.
For further understanding of GlobalData's Consumer Goods Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 – Thematic Intelligence, buy the report here.