First Beverage Ventures Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, First Beverage Ventures has invested in 3 companies.

First Beverage Ventures’ most common sectors for investment are beverages (84%) and e-commerce (9%). The Firm’s most common investment types include growth capital (59%) and venture (34%). In total, First Beverage Ventures has invested in 7 US states and 2 different countries.

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

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M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity12
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8

First Beverage Ventures

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

First Beverage Ventures is the private equity group of 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 Beverage Ventures 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 ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 8 1 2 1 - - 12
Sell (0.6/yr) # 1 - 1 - - 2 4
vol $1.3B $1.3B
  16

Most Recent M&A

Company Date Value Type
Essentia Water LLC 2021-03-05 192M USD Add-on Acquisition
Bothell, Washington · www.essentiawater.com
Drizly, Inc. 2021-02-02 1.1B USD Add-on Acquisition
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.qdrinks.com
Drizly, Inc. 2015-05-29 - Venture
Boston, Massachusetts · www.drizly.com
Essentia Water LLC 2014-09-02 - Growth Capital
Bothell, Washington · www.essentiawater.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Beverages 7 (88%) - 10 (83%) -
E-Commerce - - 1 (8%) -
Internet Software and Services 1 (13%) - 1 (8%) -
Total 8 - 12 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (100%) - 11 (92%) -
  California 3 (38%) - 4 (33%) -
  Massachusetts 1 (13%) - 2 (17%) -
  Tennessee 1 (13%) - 1 (8%) -
  New York 1 (13%) - 1 (8%) -
  New Jersey 1 (13%) - 1 (8%) -
  Colorado 1 (13%) - 1 (8%) -
  Washington - - 1 (8%) -
Canada - - 1 (8%) -
  Quebec - - 1 (8%) -
Total 8 - 12 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 5 (63%) - 7 (58%) -
Venture 2 (25%) - 4 (33%) -
Stake Purchase 1 (13%) - 1 (8%) -
Total 8 - 12 -

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

Size

Small

Specialist/Generalist

Specialist

Subsidiary of

First Beverage Advisors LLC

Leadership

William Anderson

Founder & CEO

Jack Belsito

Managing Partner

Kyle Wheeler

Managing Partner

Chris Greco

CFO

Bob Nakasone

Managing Director

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