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New Deal


Announced

Completed

CDPQ completed the $200m investment in Zevia.

Financials

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Transaction Value£149m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

United States

Soft Drinks

Acquisition

Private

Minority

soft drinks

Cross Border

Friendly

carbonated water

Completed

Single Bidder

Synopsis

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Caisse de dépôt et placement du Québec, an institutional investor that manages several public and parapublic pension plans and insurance programs, completed the $200m investment in Zevia, a company specialised in the manufacturing of soft drinks and carbonated waters. “Zevia’s line of zero sugar, naturally sweetened beverages has resonated with shoppers across the US and Canada, and we’re excited to partner with CDPQ to accelerate our growth. Zevia is focused on making the world a better place through sustainable, affordable products that taste great and feature simple, plant-based ingredients – and we look forward to partnering with CDPQ, an investor which sees ESG matters as an opportunity to generate sustainable growth that benefits everyone," Paddy Spence, Zevia CEO.

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