PAI Partners' non-binding €1.4bn takeover proposal of Refresco Gerber has been rejected by the Dutch soft drink and fruit juice bottler.
Deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV
Second bolt-on completed by Valco since Argos Soditic became majority shareholder in 2014
Asset management business will look to expand its regional network and make bolt-on acquisitions
Firm plans to expand domestically and internationally, primarily in Asia