The Blackstone Group and Lion Capital have confirmed that they are in talks to sell Orangina Schweppes Group to Japan’s Suntory Holdings. Blackstone and Lion paid around $2.6 billion to acquire the beverage-maker in 2006.
The Blackstone Group International (“Blackstone”) and Lion Capital LLP (“Lion Capital”), on behalf of funds advised by each of them, confirm that they are in discussions with Suntory Holdings regarding the future ownership of the Orangina Schweppes Group. No agreement has been reached to date.
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About Lion Capital
Lion Capital is a London-based investment firm that is recognized as a leader in investing in the consumer sector, with over €4 billion of equity capital invested in consumer businesses across Europe and North America. Lion’s portfolio of market-leading food and beverage companies includes such well-known brands as Weetabix, the UK’s number one cereal brand, Kettle Foods, a leading snack business in the UK and US, and the iconic Schweppes and Orangina beverage brands in Europe. Lion Capital’s investment strategy is underpinned by exceptional experience within its senior team in investing in and operating within the consumer sector and the firm has a proven track record of successfully growing companies post acquisition. For more information please visit: www.lioncapital.com.
About The Blackstone Group
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com.
About Orangina Schweppes
Headquartered in Paris, France, Orangina Schweppes is the number two player in the European still soft drinks market and the number three player in the European carbonated soft drinks market. The company markets, bottles and distributes a number of carbonated soft drinks, stills and other soft drinks through a unique portfolio of leading products that includes iconic brands such as Orangina, Schweppes, Oasis, Trina and Pulco, strong national brands such as La Casera in Spain and Rosinka in Ukraine, and niche brands Champomy, Gini, Canada Dry, Vida and Pink Fish. Total revenues amount to over €1 billion and the company employs nearly 2500 people. Although Western Europe remains the heart of the business, the company’s products are sold in over 60 countries, reaching as far as Eastern Europe, Asia, Africa, the Middle East and the French overseas territories and departments.