Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

CVC Said to Hire Adviser on Japanese Interest in StarBev

Feb. 22 (Bloomberg) -- CVC Capital Partners Ltd., the British private equity firm that owns Formula One, is weighing whether to pursue a sale of Staropramen brewer StarBev after receiving approaches for the company, three people with knowledge of the plans said.

CVC has retained Nomura Holdings Inc. to help evaluate expressions of interest from brewers that include Kirin Holdings Co., Asahi Group Holdings Ltd. and Suntory Holdings Ltd. of Japan, said the people, who declined to be identified because the talks are private and at an early stage. Belgium-based Anheuser-Busch InBev NV, which sold the business to CVC in 2009, has a right of first offer, they said.

Other companies that may be interested in StarBev include the Turkish brewer Anadolu Efes Biracilik & Malt Sanayii A.Ş., SABMiller Plc, Denmark’s Carlsberg A/S, and Heineken NV of the Netherlands, one person said.

CVC, which manages a 10.8 billion euro ($14.3 billion) European buyout fund, purchased the operations, which include breweries in the Czech Republic, Hungary, Romania and Bulgaria, for $2.2 billion, or 1.5 billion euros at the time. Renamed StarBev, the company employs more than 4,000 people and owns the well-known Czech lager Staropramen.

Spokesmen for CVC, Kirin, Anheuser-Busch InBev, Carlsberg, Heineken, Efes, SAB and Nomura declined to comment. A spokesman for Asahi couldn’t be reached for comment.

The Wall Street Journal reported earlier that CVC had received expressions of interest in StarBev.

To contact the reporters on this story: Anne-Sylvaine Chassany in London at achassany@bloomberg.net; Jacqueline Simmons in London at jackiem@bloomberg.net

To contact the editor responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.