
UK - Britvic offer abandoned by Permira
Permira has abandoned a planned bid for soft drinks maker Britvic. The offer would have valued the company which sells brands such as Pepsi and Tango at around £600m.
Speculation that Britvic would be taken over has been rife in recent months since it offered its third profit warning in three months in May with PAI Partners understood to have been interested. However, Britvic's sales have partially recovered over the summer thanks to new non-fizzy mineral water products. Although confirming it won't make a bid imminently, Permira has not ruled one out in the future.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Back to Top