Alterra-led Consortium Acquires Chill Beverages from Old Mutual Private Equity
May 16, 2024
An Alterra Capital Partners-led consortium, alongside Mineworkers Investment Company (MIC) and Admaius Capital Partners, has agreed to acquire a majority stake in South African beverage maker Chill Beverages from Old Mutual Private Equity. The deal — the first investment by Alterra's Africa Accelerator Fund — will be supported with debt financing from Standard Bank and RMB and aims to accelerate Chill's marketing, Gauteng distribution and new product development while driving transformation within the business.
- Buyers
- Alterra Capital Partners, Mineworkers Investment Company (MIC), Admaius Capital Partners
- Targets
- Chill Beverages
- Sellers
- Old Mutual Private Equity
- Industry
- Food & Beverage
- Location
- Western Cape, South Africa
- Transaction Type
- Buyout
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