PAI Partners and BCiMC completed the acquisition of Refresco for €1.623bn.

PAI Partners, a private equity fund, and British Columbia Investment Management, a Canadian fund, completed the acquisition of Refresco, a producer of soft drinks, water, fruit juices, energy drinks, alcohol, and plant-based drinks, for €1.623bn. “Refresco is a high-quality business and an attractive consolidation platform in the beverage industry which we intend to fully support using PAI’s wealth of experience in the European food and beverage industry. We share the Refresco management team’s overall vision for the group and we are excited by the opportunity to work with them and the team at bcIMC to realise its potential,” Frédéric Stévenin, PAI Managing Partner.