US beverage industry saw a drop of 12.50% in overall deal activity during March 2022, when compared with the last 12-month average, led by Goode Partners’ $30m private equity deal with JOCKO FUEL, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 21 deals worth $60.3m were announced in March 2022, compared with the 12-month average of 24 deals.
venture financing was the leading category in the month in terms of volume with ten deals, which accounted for 47.6% of all deals.
In second place was M&A with seven deals, followed by private equity with four transactions, respectively accounting for 33.3% and 19.05% of overall deal activity in the US technology industry during the month.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn terms of value of deals, private equity was the leading deal category in the US beverage industry with total deals worth $31m, while venture financing and M&A deals totalled $29.26m and $0m respectively.
US beverage industry deals in March 2022: Top deals
The top five beverage industry deals accounted for 83.4% of the overall value during March 2022.
The combined value of the top five beverage deals stood at $50.28m, against the overall value of $60.3m recorded for the month.
The top five beverage industry deals of March 2022 tracked by GlobalData were:
1) Goode Partners $30m private equity deal with JOCKO FUEL
2) The $16.5m venture financing of Partake Brewing by Barrel Ventures,Circleup Growth Partners,PowerPlant Partners and RC McLean & Associates
3) Aaron Samuels,Aerica Shimizu Banks,Akuna Capital,Bao Nguyen,Carol Lim,Charles Huang,Gaingels,GFR Fund,Gutter Capital,Hyphen Capital,John Resnick,Johnnie Yu,Julia Gouw,LISA LEE,Michael Karnjanaprakorn,Michelle MiJung Banks,Sheila Lirio Marcelo,Theresa Vu and Wen Zhou $2.6m venture financing deal with Nguyen Coffee Supply
4) The $1mprivate equity deal with L’uva Bella by InvestBev
5) Seed InvestCo $0.18m venture financing deal with Drink Monday
