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- R4bn Tronox deal funds two 100MW solar plants
- Billions to help Redefine build green properties
- Harmony pursues green goals with R10 billion loan
- Cold solutions finance for cold storage facilities
- International Finance Corporation green bond fund
- Envusa energy deal: The way for renewable energy
- Paladin Energy senior debt funding partnership
- Renewable energy wind farm financing
- Stor-Age’s successful inaugural bond auction
- R4bn Tronox deal funds two 100MW solar plants
- Billions to help Redefine build green properties
- Harmony pursues green goals with R10 billion loan
- Cold solutions finance for cold storage facilities
- International Finance Corporation green bond fund
- Envusa energy deal: The way for renewable energy
- Paladin Energy senior debt funding partnership
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- Two wins for sustainable finance leadership | Nedbank CIB
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- What happens when finance meets sustainability?
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- Breaking barriers for energy transition in mining
- Africa's pathway to a climate-resilient economy
- Commercial property trends 2022
- Green energy in the developing world | Nedbank CIB
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- How the property sector recovered in 2023
- Two wins for sustainable finance leadership | Nedbank CIB
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Nedbank Private Equity’s successful divestiture of its equity stake in The Beverage Company
Nedbank Private Equity’s successful divestiture of its equity stake in The Beverage Company
Staff writer
Posted 26/04/2024 Updated 10/09/2024 2 mins
Nedbank Private Equity (NPE), a division of Nedbank Corporate and Investment Banking (CIB), has successfully and fully exited its equity investment in The Beverage Company (BevCo) to Varun Beverages Limited (Varun), which is listed on both the Bombay Stock Exchange and National Stock Exchange in India.
In 2014 NPE purchased an equity stake in Little Green Beverages (LGB). At that point in time, LGB was a small regional carbonated soft drink (CSD) manufacturer in the Eastern Cape, with a brand called Refreshhh.
With 3 years into our LGB investment, Ethos Private Equity, now The Rohatyn Group (TRG), teamed up with NPE in a buy-and-build investment thesis, with LGB as the cornerstone asset in a platform to build a large carbonated soft drinks manufacturer in South Africa.
In the following 2 years, BevCo successfully bought Quality Beverages, a regional Cape Town CSD manufacturer producing the Jive brand, and Shoreline Beverages, a regional KwaZulu-Natal CSD manufacturer producing the Coo-ee brand. These acquisitions created South Africa’s 2nd-largest beverage manufacturing company.
BevCo now boasts annual sales exceeding R4,5 billion, selling over 62 million cases of carbonated soft drinks annually and is the owner of 4 large regional brands in Refreshh, Coo-ee , Jive and Reboost. BevCo is also the exclusive manufacturer of Pepsi in South Africa and several neighbouring countries.
Varun is a key player in the beverage industry and among the largest manufacturers and distributors of PepsiCo products outside the United States of America. Their investment in BevCo is their 1st investment in South Africa and represents significant foreign direct investment in the country by a company looking to grow the portfolio of the international and home-grown brands it has acquired.
Varun has been associated with PepsiCo since the 1990s and has, over 2 and half decades, consolidated its business association with PepsiCo, increasing the number of licensed territories and subterritories, producing, and distributing a wider range of PepsiCo beverages.
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See allNedbank Private Equity’s successful divestiture of its equity stake in The Beverage Company
Nedbank Private Equity (NPE), a division of Nedbank Corporate and Investment Banking (CIB), has successfully and fully exited its equity investment in The Beverage Company (BevCo) to Varun Beverages Limited (Varun), which is listed on both the Bombay Stock Exchange and National Stock Exchange in India.
By Staff writer
Published 10 Sep 2024 in nedbank:cib/deals
Nedbank Private Equity’s successful divestiture of its equity stake in The Beverage Company
Nedbank Private Equity (NPE), a division of Nedbank Corporate and Investment Banking (CIB), has successfully and fully exited its equity investment in The Beverage Company (BevCo) to Varun Beverages Limited (Varun), which is listed on both the Bombay Stock Exchange and National Stock Exchange in India.
Staff writer
Published 10 Sep 2024
Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
By Staff writer
Published 22 Aug 2024 in nedbank:cib/deals/finance
Nedbank CIB closes R1,3 billion finance deal for Intertoll’s 50% acquisition of Bombela
Nedbank CIB has successfully closed R1,3 billion of acquisition finance facilities to support Intertoll International Holdings B.V. (Intertoll) in purchasing a 50% equity stake in Bombela Concession Company (RF) (Pty) Ltd (BCC).
Staff writer
Published 22 Aug 2024