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Tag Archives: Private equity

• Investors betting on China’s middle class to booze it up

Investors betting on China’s middle class to booze it up

Private equity investors are betting China’s hard driving middle class can be convinced to relax and have a drink. Why else would a top global firm like KKR & Co. join other investors in a more than $100 million deal to back the operator of China’s largest network of liquor stores? Earlier today KKR said […]

• Foster's predicts US wine market recovers over the next year

Foster’s is predicting the US wine market should recover in the next 12 months, returning it to the rosy trading environment before the onset of the global financial crisis that decimated wine sales in North America and led many consumers to opt for cheaper and low-margin bottles of wine. The company’s wine business, which could […]

• Foster's wine bidders face twin headaches

Private equity firms running the ruler over Australian brewer Foster’s wine business could baulk as the Aussie dollar’s surge to 28-year highs has raised the unit’s price tag by 20 per cent since a sale was first proposed. Private equity managers say banks may also be less willing to lend for a cyclical asset dependent […]

• Bar set at $3.1bn for Foster's wine assets

Bar set at $3.1bn for Foster's wine assets

PRIVATE equity investors will need to bid at least $3.1 billion for Foster’s wine business, according to analysts. They may also need to join forces with another buyer willing to take the beer division. Foster’s on Wednesday revealed it had turned down an offer of between $2.3bn and $2.7bn from a US private equity firm, […]