KKR Buys Majority Stake in Refresco, Giving PAI Partners and BCI Some Return Capital
Posted on 02/27/2022
Private equity firm giant KKR acquired a majority stake in Rotterdam Refresco Group B.V., a major independent beverage contract manufacturer. Existing investors, PAI Partners SAS and British Columbia Investment Management Corporation (BCI) are maintaining a significant minority position. PAI Partners and BCI purchased a 99.44% stake in April Refresco in 2018. KKR is making this investment primarily through its Global Infrastructure strategy, which was established in 2008.
Founded in 1999, Refresco is a global independent beverage solutions provider for retailers and branded beverage companies with pan-regional coverage in Europe and North America through its network of bottling, warehousing, logistics and other operational assets. Refresco’s production platform includes over 70 majority-owned manufacturing sites in Europe, the U.S., Canada and Mexico, providing customers with close proximity and a reliable service across geographies.
