Korea Investment & Securities Co., Ltd. has joined the acquisition deal for the Tropicana juice brand owned by PepsiCo and PAI Partners, a French private equity fund company based in Paris. The Korean capital company teamed up with PAI Partners for the financing of the purchase.
As per The Korea Times, PepsiCo agreed to sell Tropicana to the French PEF firm, which has been raising $4.4 billion capital together with Bank of America, Credit Suisse, and Korea Investment & Securities.
The Korea Economic Daily mentioned that as PAI Partners kicked off the financing process for the cross-border acquisition that was initially announced last year, JPMorgan will be serving as the PEF firm’s advisor for the deal. Once the deal is completed, PepsiCo will still retain a 39% non-controlling stake in its new joint venture with the French private equity fund.
Read more: EconoTimes
