Coca-Cola HBC to Acquire 75% of Coca-Cola Beverages Africa (Path to Full Ownership)

Coca-Cola Acquires Remaining 85% of BODYARMOR for $5.6 Billion

November 2, 2021

Food & Beverage

The Coca-Cola Company has acquired the remaining 85% of BODYARMOR for $5.6 billion in cash, giving Coca-Cola full ownership of the premium sports performance and hydration beverage brand. BODYARMOR will be managed as a separate business within Coca-Cola's North America unit and will remain based in New York, with Co-founder Mike Repole and President Brent Hastie continuing under a consulting and transition-services agreement.

Corby (Pernod Ricard) Acquires 90% Stake in Ace Beverage Group

June 13, 2023

Food & Beverage

Corby Spirit and Wine, the Canadian affiliate of Pernod Ricard, will acquire a 90% stake in Ace Beverage Group for an enterprise value of CAD 165 million, with call options to buy the remaining shares in 2025 and 2028. The deal gives Corby a stronger position in the fast-growing Canadian ready-to-drink (RTD) category and will leverage Corby's distribution network to scale ABG's Cottage Springs, Ace Hill and other brands across Canada.

Ball Corporation to Acquire 80% Majority Stake in Benepack’s European Beverage Can Operations

December 10, 2025

Manufacturing

Ball Corporation has entered into definitive agreements to acquire an 80% majority stake in Benepack’s beverage can manufacturing businesses in Europe. The deal covers two production facilities—one in Belgium and one in Hungary—with an estimated total cost of approximately €184 million, while Benepack’s existing shareholders will retain the remaining 20%.

Alterra-led Consortium Acquires Chill Beverages from Old Mutual Private Equity

May 16, 2024

Food & Beverage

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.

H.I.G. Capital to Acquire CGH Group

July 4, 2024

Manufacturing

H.I.G. Capital (via an affiliate) has signed a definitive agreement to acquire CGH Group S.A., a manufacturer of large, engineered storage tanks and tank accessories serving EMEA. The deal is subject to antitrust clearance and will support CGH’s growth plans including geographical expansion, product extension, and additional production capacity.

H.I.G. Capital Acquires BECO Holding Company from Behrman Capital

November 4, 2021

Logistics & Distribution

An affiliate of H.I.G. Capital has acquired BECO Holding Company, Inc. from Behrman Capital; financial terms were not disclosed. BECO, headquartered in Charlotte, North Carolina, operates 16 distribution centers and provides fire suppression, life safety and kitchen system products and services; the company's leadership will remain with a significant ownership stake in the recapitalized business.