Deals
KKR to Buy Majority Stake in Bottler Refresco
- PAI Partners, BCI to maintain ‘significant’ minority holding
- KKR strikes deal through its global infrastructure fund
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KKR & Co. agreed to buy a majority stake in bottling company Refresco from PAI Partners and British Columbia Investment Management Corp.
PAI and BCI will will keep a “significant” minority holding in Refresco, according to a statement Tuesday. The deal which values the bottler at about 7 billion euros ($7.9 billion), marks a rare example of KKR’s global infrastructure fund investing in a consumer company, according to people familiar with the matter.