CVC Capital Partners has found itself in legal hot water with its only new investment in the CEE region – the deal with Anheuser-Busch InBev and StarBev. CVC’s sale of StarBev to Molson Coors in April 2012 has triggered AB InBev to claim earn-out money. However, CVC claims that during the holding period, it invested “heavily” in brand development, marketing and CAPEX in StarBev and developed it as a standalone business, which was ultimately sold for EUR 2.65 bln. The current state is that CVC’s denial of the sale triggering an earn-out is being countered by AB InBev with a claim that the 2009 sale of StarBev to CVC included a future earn-out that was then calculated at USD 800 mln.
Source – Invest-IQ
Sorry, comments are closed for this post.