First Bev Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, First Bev has invested in 1 company.

First Bev’s most common sectors for investment arebeverages (85%) and e-commerce (8%) . The Firm’s most common investment types include growth capital (62%) and venture (31%). In total, First Bev has invested in 7 US states and 2 different countries.

In the last 3 years, First Bev has exited 2 companies. The Firm’s most common exit type is trade sale (75%). First Bev’s largest (disclosed) exit occurred in 2021 when it sold Drizly for $1.1B.

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M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity13
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9

First Bev

1800 Avenue of the Stars,
Los Angeles, California 90067
United States
(310) 481-5100
firstbev.com
info@firstbev.com

First Bev is the private equity group of the financial advisory firm, First Beverage Group. First Beverage Ventures looks to invest in emerging beverage companies throughout the US. The Firm pursues companies that can benefit from value-added services including support with distribution, supply chain, strategic planning, marketing, operations, finance, board development and human resources. Target companies typically have $1 to $15 million in revenue. First Bev was formed in 2005 and is based in Los Angeles, California.


Investment Criteria

Sectors of Interest: Beverages, E-Commerce, Internet Software and Services, Utilities

Target Transaction Types: Growth Capital, Stake Purchase, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 1 15
Target EBITDA - -
Investment Size 2 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 12 - - - 1 - 13
Sell (0.4/yr) # 2 - 2 - - - 4
vol $1.3B $1.3B
  17

Most Recent M&A

Company Date Value Type
G Fuel LLC 2023-11-16 - Growth Capital
Hauppauge, New York · www.gfuel.com
Essentia Water LLC 2021-03-05 192M USD Trade Sale
Bothell, Washington · www.essentiawater.com
Drizly, Inc. 2021-02-02 1.1B USD Trade Sale
Boston, Massachusetts · www.drizly.com
Mad Tasty LLC 2019-12-17 - Growth Capital
Nashville, Tennessee · www.madtasty.com
VitaCup LLC 2018-10-10 - Growth Capital
San Diego, California · www.vitacup.com
Laws Whiskey House 2018-06-27 - Growth Capital
Denver, Colorado · www.lawswhiskeyhouse.com
Purity Organic LLC 2018-06-21 - Unknown
Oakland, California · www.purityorganic.com
Gem & Bolt LLC 2017-05-24 - Growth Capital
West Orange, New Jersey · www.gemandbolt.com
Q Tonic LLC 2016-03-09 - Venture
Brooklyn, New York · www.qmixers.com
Drizly, Inc. 2015-05-29 - Venture
Boston, Massachusetts · www.drizly.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Beverages 8 (89%) - 11 (85%) -
E-Commerce - - 1 (8%) -
Internet Software and Services 1 (11%) - 1 (8%) -
Total 9 - 13 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) - 12 (92%) -
  California 3 (33%) - 4 (31%) -
  New York 2 (22%) - 2 (15%) -
  Massachusetts 1 (11%) - 2 (15%) -
  Tennessee 1 (11%) - 1 (8%) -
  New Jersey 1 (11%) - 1 (8%) -
  Colorado 1 (11%) - 1 (8%) -
  Washington - - 1 (8%) -
Canada - - 1 (8%) -
  Quebec - - 1 (8%) -
Total 9 - 13 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (67%) - 8 (62%) -
Venture 2 (22%) - 4 (31%) -
Stake Purchase 1 (11%) - 1 (8%) -
Total 9 - 13 -

Exits by Deal Type

Type Total # Value
Trade Sale 2 (50%) 192M (15%)
Trade Sale - Public Company 1 (25%) 1.1B (85%)
Unknown 1 (25%) -
Total 4 $1.3B

Deal Values

sell # Total
> $1B 1 $1.1B
$100M to $1B 1 $192M
TOTAL $1.3B
Largest Drizly, Inc.
$1.1B (2021-02-02)

M&A Connections

Deals
Exited to
Strategic(s)
75%
3 (75%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Small

Specialist/Generalist

Specialist

Subsidiary of

First Beverage Advisors LLC

Leadership

William Anderson

Founder & CEO

Jim Bareuther

Chairman

Bob Nakasone

Managing Director

Kristen Bareuther

Managing Director

Kyle Wheeler

Managing Partner

FAQ

What type of investor is First Bev?

First Bev is a growth capital firm.

Where is First Bev headquartered?

First Bev is headquartered in Los Angeles, California.

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