KKR completed the acquisition of a majority stake in Refresco, an independent beverage contract manufacturer. PAI Partners and British Columbia Investment Management maintain a significant minority position. Financial terms were not disclosed. “To support further growth, we have explored the various alternatives available to us and believe that the investment by KKR is an incredibly positive development for the Company. Like our existing shareholders, KKR is supportive of our strategy and will bring operational expertise, access to capital and a well-established network to support us in our growth, innovation and M&A strategy. Our focus of growing alongside our customers, combined with expanding into new categories and geographies, remains unchanged,” Hans Roelofs, Refresco CEO.