Investment & M&A transaction comps
Beverages Investment & M&A Transaction Comps
Explore investment and M&A transactions tagged beverages. Compare companies, buyers, dates and available valuation multiples, with reported, estimated or rumored figures clearly labelled in each comp.
Coverage includes published FundComb transactions carrying this tag. Each comp preserves its own source notes and valuation basis.
- Reviewed transactions
- 50
- With value data
- 34
- With revenue multiples
- 17
- Transaction years
- 2000–2026
Sortable transaction comps
Beverages transaction table
Rows with reported value
16 / 25
Acquisition EV, USD
USD 38B
Investment EV, USD
USD 13B
Median EV / revenue
4.2x
Selected comparison set
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Choose transactions from the table to build a quick comparison set.
25 shown of 50 matching transactions. Click any transaction row for more detail.
Values are 100% enterprise values. Multiples divide EV by full-company revenue or EBITDA. Reported prices are assumed to be EV; explicit partial-stake prices are grossed up as estimates. Amounts paid are tracked separately, and a financing without a reported valuation shows its amount raised, not an EV.
| Select for comparison | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SpikedAde Control | 2026-10-06 | Constellation Brands | Undisclosed | Undisclosed | - | - | - | Estimated 2 sources | ||
| Medici Brands Capital Raise | 2026-09-02 | Greenoaks; Valor Equity Partners; Peter Rahal; Iconiq; Imaginary Ventures | USD 2.3B Enterprise Value | 2,250 | 7.5x | - | United States | Confirmed 3 sources | ||
| Girardi Distributors, LLC Control | 2026-09-02 | Martignetti Companies | Undisclosed | Undisclosed | - | - | Massachusetts, United States | Confirmed 2 sources | ||
| Nestlé Holistic Health Platform Control | 2026-09-01 | Yellow Wood Partners | USD 1.0B Consideration | 1,000 | - | - | - | Confirmed 2 sources | ||
| Au Vodka Control | 2026-08-17 | Sazerac | GBP 500M Enterprise Value | 678 | - | - | United Kingdom | Confirmed 5 sources | ||
| Barcode Performance Drink Control | 2026-08-04 | Axum Capital | Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| Lyons Magnus Control | 2026-07-20 | Truelink Capital | Undisclosed | Undisclosed | - | - | Fresno, California, United States | Confirmed 1 source | ||
| HpO Sparkling Protein Water Control | 2026-06-29 | AMASS Brands Group | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| The M.A.D.E. Group Control (100%) | 2026-06-22 | Danone S.A. | AUD 2.0B Consideration | 1,402 | - | - | Australia | Estimated 1 source | ||
| MADE Group Control (49%) | 2026-06-22 | Danone | Undisclosed | Undisclosed | - | - | Australia | Confirmed 1 source | ||
| The Finnish Long Drink Control | 2026-04-13 | Mark Anthony Brands | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| McCormick de Mexico Control (25%) | 2026-01-02 | McCormick & Company, Incorporated | Undisclosed | Undisclosed | - | - | Mexico | Confirmed 20 sources | ||
| JDE Peet's Control | 2025-08-25 | Keurig Dr Pepper | EUR 20B Enterprise Value | 22,926 | - | - | - | Confirmed 16 sources | ||
| Dyla Control | 2025-06-02 | Keurig Dr Pepper | USD 98.0M Enterprise Value | 98 | - | - | - | Confirmed 33 sources | ||
| poppi Control (100%) | 2025-03-17 | PepsiCo | USD 1.9B Enterprise Value | 1,950 | - | - | United States | Estimated 7 sources | ||
| Alani Nu Control | 2025-02-20 | Celsius Holdings | USD 1.6B Net Purchase Price | 1,650 | 2.8x | 12.0x | United States | Confirmed 3 sources | ||
| GHOST Lifestyle LLC Control (60%) | 2024-12-31 | Keurig Dr Pepper Inc. | USD 1.7B Enterprise Value | 1,665 | - | - | - | Estimated 54 sources | ||
| Kalil Control | 2024-08-09 | Keurig Dr Pepper | USD 103M Enterprise Value | 103 | - | - | Arizona, USA | Confirmed 9 sources | ||
| Britvic plc Control (100%) | 2024-07-08 | Carlsberg Group | GBP 4.1B Enterprise Value | 5,263 | 2.3x | 13.5x | United Kingdom, Ireland, Brazil & France | Estimated 1 source | ||
| 2024-03-26 | JDE Peet's N.V. | EUR 245M Consideration | Undisclosed | 3.3x | - | United States (Minneapolis, Minnesota roasting operations); excludes Caribou coffeehouses | Confirmed 15 sources | |||
| Liquid Death Capital Raise | 2024-03-11 | Live Nation and other investors | USD 1.4B Enterprise Value | 1,400 | 4.2x | - | United States | Confirmed 4 sources | ||
| La Colombe Coffee Roasters Control | 2023-12-15 | Chobani | USD 900M Enterprise Value | 900 | - | - | United States | Confirmed 1 source | ||
| 2023-07-31 | Monster Beverage Corporation | USD 362M Enterprise Value | 362 | - | - | United States | Confirmed 3 sources | |||
| Nutrabolt (C4 Energy) Minority (30%) | 2022-12-08 | Keurig Dr Pepper | USD 2.9B Estimated Enterprise Value | 2,896 | 4.5x | - | United States | Estimated 1 source | ||
| Celsius Holdings, Inc. Minority (9%) | 2022-08-01 | PepsiCo, Inc. | USD 6.5B Enterprise Value | 6,471 | 9.9x | - | United States | Estimated 4 sources |
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Source coverage varies by transaction. Announced deals, minority investments and capital raises retain their own labels; an investment amount is separate from enterprise value. Read the methodology.