Deals

Deal activity by volume related to ESG remained unchanged year-on-year in 2023 in the beverages industry

Credit: Bert van Dijk/Getty images.

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Analysis of the key themes driving deal activity reveals that ESG accounted for 80 beverages deals between 2019 and 2023, worth a total value of $3,563m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.  

The $159.68m acquisition of 100% stake in Waterloo Brewing by Carlsberg was the largest disclosed deal in 2023, while the $243.74m private equity investment in Daiohs by Integral and consortium partners was the largest disclosed deal in 2022.  

In volume terms, ESG related deal activity remained unchanged year-on-year in 2023 and increased by 167% year-on-year in 2022.  

Deal activity related to ESG in the global beverages industry in the last five years

Top deals related to ESG in the beverages industry in the last five years

Deal volume by deal type for ESG related deals in the beverages industry in the last five years

Acquisitions accounted for the highest number of deals in the last five years, with 34 deals, followed by Venture Financing (22 deals), and Equity Offering (8 deals).

Top financial advisors for ESG related deals by value in the beverages industry in the last five years

The top financial advisors supporting deals related to ESG in the beverages industry in the last five years in terms of value were Centerview Partners, JPMorgan Chase , UBS Investment Bank , Daiwa Securities, and Barclays Wealth Management.

Top legal advisors for ESG related deals by value in the beverages industry in the last five years

The top legal advisors supporting deals related to ESG in the beverages industry in the last five years in terms of value were Bowman Gilfillan, Freshfields Bruckhaus Deringer, Webber Wentzel, Akin Gump Strauss Hauer & Feld, and Davies Ward Phillips & Vineberg.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.  

GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.  

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.