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First Bev Mergers & Acquisitions

First Bev M&A Summary

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

In the last 3 years, First Bev has exited 1 company. The Firm’s most common exit type is trade sale (80%). 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 Activity18
    • M&A Buy Activity13
    • M&A Sell Activity5
  • M&A Buy/Sell Connections11

First Bev

First Bev

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

All (18) Buy (13) Sell (5)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2025-07-22 Health-Ade Kombucha · Beverages
Torrance, California · www.health-ade.com

Health-Ade Kombucha offers probiotic tea in 12 flavors: Original, Ginger-Lemon, Cayenne Cleanse, Pomegranate, Pink Lady Apple, Carrot, Beet, California Grape, Maca-Berry, Sweet Thorn, Power Greens, and Holiday Cheers. Health-Ade Kombucha was founded in 2012 and is based in Torrance, California.

Advisors: Baker & McKenzie , Lazard 		- Add-on Acquisition

Generous Brands
Advisor: Kirkland & Ellis

First Bev PE

Manna Tree PE

Coca-Cola


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