FRANCE - Blackstone and Lion agree EUR 2.6bn Orangina sale

The deal will be the largest private equity exit in France this year and one of the largest in Europe.

Suntory is a Japanese drinks manufacturer which produces drinks ranging from whiskey to bottled green tea. Suntory is currently in merger talks with its main rival Kirin in Japan.

Paris-based Orangina is the second largest soft drinks manufacturer in Europe, owning a number of high profile drinks brands such as Orangina, Schweppes, Oasis, Trina and La Casera. The company has revenues of over EUR 1bn and employs around 2500 people.

Cadbury Schweppes originally sold a majority stake of the company to Blackstone and Lion Capital three years ago for EUR 1.85bn. Orangina was bought by Cadbury Schweppes in 2001 from Pernod Ricard.

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