Financial Times FT.com

CVC has worldwide plans for ‘hidden gem’ beer

By Martin Arnold and Philip Stafford in London

Published: October 15 2009 23:24 | Last updated: October 15 2009 23:24

CVC Capital Partners, the UK-based private equity group, aims to turn Staropramen into a globally recognised brand after buying the Czech beer as part of its $3bn acquisition of Anheuser-Busch InBev’s central European brewing operations.

István Szoke, head of CVC’s new central and east European buy-out team, told the Financial Times that Staropramen was “the hidden gem” among the assets, which are valued at $2.2bn in the deal. AB InBev will also receive a potential $800m payment, conditional on CVC’s return on investment.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this