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New Deal


Announced

Completed

Coca-Cola Company acquired two Kenyan bottling firms from Centum Invesments for $192m.

Financials

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Transaction Value£150m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Kenya

Private Equity

bottling of beverages

Soft Drinks

Acquisition

Private

Completed

Friendly

Single Bidder

Synopsis

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The Coca-Cola completed the acquisition of two Kenyan bottling firms, Almasi Beverages and Nairobi Bottlers, from Centum Invesments, a public East African investment company, for $192m. “The achieved exit valuation speaks to the success of our investment cycle and portfolio management strategy that included consolidation of 3 bottlers into Almasi Beverages and acquisition of a majority stake in the business. The proceeds from these transactions will be applied towards repaying our current $-denominated bank term loans of $75m, which will result in finance cost savings of $7m,” Centum spokesperson.

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