Aller au contenu

Clairfield advises on the sale of The Beverage Company to Varun Beverages

The Rohatyn Group and Nedbank Private Equity sold The Beverage Company, one of the largest carbonated soft drink producers in Southern Africa, to Varun Beverages (NSE:VBL).

The Beverage Company is comprised of the operating companies SoftBev and Little Green Beverages. Its portfolio consists of the recognisable brands Jive, Coo-ee, and Reboost.

The Beverage Company is also the sub-Saharan Africa bottler for PepsiCo’s beverage portfolio and provides comprehensive contract bottling solutions to PepsiCo’s various brands.

Varun Beverages is a CSD producer and the largest global PepsiCo bottler outside the USA and China. It is listed on the Indian Stock Exchange and has a market capitalisation of approximately US$21 billion. The acquisition of The Beverage Company enables Varun Beverages to grow its African presence significantly and complement its existing operations in three other sub-Saharan countries.

The ZAR 3 billion (US$158 million) transaction represents a unique and attractive opportunity for VBL to acquire a leading diversified beverage business with strong brands and a wide distribution reach that is ideally placed to expand across sub-Saharan Africa. For The Rohatyn Group and Nedbank Private Equity, it represents an opportunity to return capital to their investors at an attractive price point.

Rand Merchant Bank, a partner of Clairfield in South Africa, acted as the sole financial advisor to The Beverage Company and selling shareholders in an important Indo-Africa corridor transaction. The transaction showcases Rand Merchant Bank’s continued sellside market leadership, beverage sector expertise, ability to manage complex crossborder transactions, and access to multinational buyers interested in South Africa and Africa, which ultimately resulted in a transaction with Varun Beverages. Furthermore, Rand Merchant Bank refinanced ZAR 800 million of existing debt with The Beverage Company and provided an incremental ZAR 500 million of acquisition finance to Varun Beverages.

Consumer & retail

Drapeau South Africa

Sale

Advisor to the seller

Secteurs :

Consumer & retail

Countries involved :

South Africa

Similar transactions

Moravská pivovarská a.s., the owner of Pivovary CZ Group, the fifth largest brewing group in the Czech Republic, sold 100% of shares to Pivovary Triangl s.r.o., a consortium of three investors led by Kofola Group, a leading beverage company in the CEE region.

Read more

Consumer & retail

Drapeau Czech Republic

Sale

Advisor to the seller

Clessidra SGR, the leading Italian private equity, acquired Everton S.p.A., the Italian producer of tea and infusions.

Read more

Consumer & retail

Drapeau Italy

Acquisition

Advisor to the buyer

Clairfield Benelux provided debt advisory services to the shareholders of Brouwerij Martens. Brouwerij Martens was founded in 1758 and is the second largest brewery in Belgium engaged in the development, production, distribution and sale of private label beer as well as their own beer brands.

Consumer & retail

Drapeau Belgium

Acquisition finance

Advisor to Brouwerij Martens

Clairfield Belgium closed the refinancing of Brouwerij Martens’ debt portfolio. This transaction will enable the brewery group to continue its ambitious growth trajectory and execute its long‐term financial strategic plan.

Read more

Consumer & retail

Drapeau Belgium

Capital raising

Advisor to Brouwerij Martens

Everton S.p.A., an Italian food & beverage company, sold a majority stake to Cronos Capital Partners and other private investors.

Consumer & retail

Drapeau Italy

Sale

Advisor to the seller

Riedel, market leader in fruit juices and drinks, acquired Beyond Brands, with the owners of Beyond Brands to form the new management team of Riedel.

Read more

Consumer & retail

Drapeau Netherlands

Acquisition

Advisor to the seller

Func Food, a Nordic wellness company, was sold to Celsius Holdings, a US‐listed fitness‐drink company.

Consumer & retail

Drapeau Finland Drapeau US

Sale

Advisor to the seller

Flèche vers la gauche
Flèche vers la droite