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

First Bev

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

First Bev is a private investment firm focused on the beverage industry. First Bev 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%) -
  Colorado 1 (11%) - 1 (8%) -
  Tennessee 1 (11%) - 1 (8%) -
  New Jersey 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

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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