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Pepsi bottler Varun Beverages to acquire South African firm for $159 mn

VCCircle

VCCircle · 1y ago

Pepsi bottler Varun Beverages to acquire South African firm for $159 mn

Pepsi bottler Varun Beverages is set to acquire South African company, The Beverage Company, for $159 million. This deal will give Varun Beverages access to Africa's largest market. The Beverage Company is involved in bottling and distributing PepsiCo-branded non-alcoholic beverages in South Africa, as well as other countries in the region. Varun Beverages has the option to accept co-investment from a major equity fund. The deal is expected to close by July 2024, subject to regulatory approvals. Additionally, Varun Beverages has signed an MOU to establish a manufacturing plant in Jharkhand, India.

Related News

Varun Beverages to sharply focusing on growing production capacity, distribution

Thehindubusinessline

Thehindubusinessline · 1y ago

Varun Beverages to sharply focusing on growing production capacity, distribution

Varun Beverages Ltd (VBL), the leading bottler for PepsiCo, is focusing on expanding its manufacturing capacities and distribution networks to tap into under-penetrated markets. The company plans to increase production capacities in the juices and value-added dairy product segments. VBL recently commissioned new production facilities and ramped up capacity in existing plants. Strengthening the distribution network and chilling infrastructure will also be essential for growth. VBL also entered into an agreement to acquire South Africa's Beverage Company Ltd (BevCo), which will enhance their presence in the African market.

African PE Temo Capital to acquire metal auto parts maker

VCCircle

VCCircle · 11m ago

African PE Temo Capital to acquire metal auto parts maker

African private equity firm, Temo Capital, will acquire a South African stainless steel accessories maker. The PE firm, known for its healthcare focus, will use its investment vehicle, Growth Capital Partners II, for the acquisition.

RJ Corp's blueprint for future: Ravi Jaipuria announces succession plan

Livemint

Livemint · 1y ago

RJ Corp's blueprint for future: Ravi Jaipuria announces succession plan

RJ Corp, led by Ravi Jaipuria, has announced a succession plan that will see his children Varun and Devyani taking on leadership roles in the conglomerate. Varun Jaipuria will head the food and beverage division, including Varun Beverages Limited, which is the second largest bottler of PepsiCo in the world. Devyani Jaipuria will be responsible for the healthcare sector and partnerships with educational institutions. The founder will continue as chairman, focusing on growth and strategic expansion. The plan aims to ensure continuity while introducing fresh perspectives and professional management.

PE firm Vuna Partners to acquire South African pharma supply group via debut fund

VCCircle

VCCircle · 3m ago

PE firm Vuna Partners to acquire South African pharma supply group via debut fund

Vuna Partners, a South African private equity firm, plans to acquire an integrated pharmaceutical supply group through its debut investment vehicle, Vuna Partners Fund I. This acquisition marks the seventh deal for the firm. Vuna Partners focuses on mid-sized businesses and is headquartered in Rosebank. The company is set to acquire a stake in Medipost as part of its investment strategy.

South African PE Sanari Capital set to acquire power generation products maker

VCCircle

VCCircle · 11m ago

South African PE Sanari Capital set to acquire power generation products maker

South African private equity firm Sanari Capital is looking to acquire an energy generation products manufacturing and services company as part of its focus on mid-market growth companies in Sub-Saharan Africa. Led by CEO Samantha Pokroy, the firm will use its second investment vehicle for the acquisition.

South African PE CapitalWorks set to acquire building material firm

VCCircle

VCCircle · 11m ago

South African PE CapitalWorks set to acquire building material firm

South African private equity firm, Capitalworks Group, plans to acquire The Building Company (TBCo), a leading building materials and DIY retailer in South Africa, from Pepkor Holdings in a deal worth $62m. The transaction, which has received approval from the Competition Commission of South Africa, will enable Pepkor to divest a non-core asset and focus on its core business. TBCo, with its three brands Buco, Timbercity, and Tiletoria, operates 183 outlets across Southern Africa and offers a wide range of timber, building materials, and DIY products.

Alterra Capital Partners-led consortium acquires South African beverage company

VCCircle

VCCircle · 1y ago

Alterra Capital Partners-led consortium acquires South African beverage company

Africa-focused private equity firm Alterra Capital Partners has acquired a majority stake in South African beverage company Chill Beverages. Alterra led a consortium of investors, including Mineworkers Investment Company and Admaius Capital Partners, in the acquisition of the Stellenbosch-based company, which produces premium mixer brand Fitch and Leedes, energy drink brand Score, and sparkling wine brand Chateau Del Rei. The investment will be used to increase marketing spend, expand distribution networks, and develop new products. Debt financing for the deal was provided by Standard Bank and RMB.

Admaius Capital in PE dealmaking spree with control transaction in South Africa

VCCircle

VCCircle · 1y ago

Admaius Capital in PE dealmaking spree with control transaction in South Africa

Pan-African private equity firm, Admaius Capital Partners, has made another deal in the region, acquiring a majority stake in a South African company. This marks the seventh investment for the firm from its first fund and the fourth deal in just over a month. With offices in Rwanda, Nairobi, Johannesburg, Tunis, and London, Admaius Capital is actively expanding its portfolio in the African market.

South African PE firm Kleoss Capital set to acquire medical devices company

VCCircle

VCCircle · 5m ago

South African PE firm Kleoss Capital set to acquire medical devices company

Kleoss Capital, a South African private equity firm, is poised to acquire a surgical devices company to enhance its investment portfolio through its second fund. Based in Johannesburg, Kleoss Capital supports local businesses and manages a diverse portfolio of seven companies. The acquisition of the medical devices company represents a strategic move to expand its holdings and signifies the firm's ongoing commitment to investing in thriving local enterprises.

South African PE Growth Capital Partners to acquire another packaging company

VCCircle

VCCircle · 6m ago

South African PE Growth Capital Partners to acquire another packaging company

Growth Capital Partners, a South African private equity firm, plans to acquire B&I Polycontainers, a packaging solutions provider. This acquisition will expand their portfolio, which already includes at least three packaging companies. By backing small and medium enterprises, Growth Capital Partners aims to strengthen its foothold in the packaging industry. This strategic move highlights their ongoing investment efforts in acquiring and developing businesses in the packaging sector.

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