Asia-Pacific’s beverage industry saw a drop of 2.70% in deal activity in Q1 2021

Led by $92.1m venture financing of Shandong Taishan Beer, Asia-Pacific’s beverage industry saw a drop of 2.70% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

 

A total of 27 deals worth $201.64m were announced for the region during Q1 2021, against the last four-quarter average of 27.75 deals.

Of all the deal types, venture financing saw most activity in Q1 2021 with 18 deals, representing a 66.7% share for the region.

In second place was M&A with eight deals, followed by private equity deals with one transactions, respectively capturing a 29.6% and 3.7% share of the overall deal activity for the quarter.

In terms of value of deals, venture financing was the leading category in Asia-Pacific’s beverage industry with $173.53m, followed by M&A deals totalled $28.1m.

Asia-Pacific beverage industry deals in Q1 2021: Top deals

The top five beverage deals accounted for a 63.2% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $127.36m, against the overall value of $201.64m recorded for the quarter.

The top five beverage industry deals of Q1 2021 tracked by GlobalData were:

1) China Media Capital’s $92.1m venture financing of Shandong Taishan Beer

2) The $13.68m venture financing of Rakyan Beverages by Wingreens FarmsLtd.

3) Mudanjiang Longjin Wine’s $10.32m acquisition of Beijing Yaolai Longwei Wine

4) The $7.16m acquisition deal with Amazing Brewing by Hana Ventures, LB Investment and Lighthouse Combined Investment

5) NCL Industries’ venture financing with Tern Distilleries for $4.1m.