Deals

PAI Weighs Options for $6 Billion Bottler Refresco

  • PE firm explores possible U.S. listing of Dutch bottling group
  • PAI could also opt to sell Refresco to another buyout firm

Storage silos outside the Refresco Group NV bottling factory in Maarheeze, Netherlands. 

Photographer: Jasper Juinen/Bloomberg
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PAI Partners is considering options for Refresco, including a possible initial public offering that could value the bottling business at about $6 billion, according to people familiar with the matter.

The French buyout firm has been holding preliminary discussions with potential advisers as it studies a U.S. listing of Refresco, the people said, asking not to be identified discussing confidential information. It could start formal preparations in the next few months, the people said.