Anheuser-Busch InBev (ABI) continues to make good on its divestiture plans by announcing it has signed an agreement to sell its Central European operations to CVC Capital Partners. CVC will purchase the assets for roughly $2.2 billion with a commitment to make a future $800 million payment if it recovers the initial investment.
Anheuser-Busch InBev CEE
Anheuser-Busch InBev is the world’s largest brewer, operating in 30 countries and employing more than 120,000 people.
ABI CEE consists of 11 breweries in Bulgaria, Croatia, the Czech Republic, Hungary, Montenegro, Romania, and Serbia, along with the distribution network and infrastructure.
CVC Capital Partners (www.cvc.com)
CVC Capital Partners is a private equity firm with a global mindset, operating from 19 offices in Asia, Europe, and the United States. The company was founded in 1981 and has built a reputation for expertise and success in its 27 year history.
CVC investors are comprised of individuals, insurance companies, pension plans, financial institutions, and endowments. As of 2008, CVC’s five funds owned a total of 52 companies with combined revenues of €88 billion and nearly 450,000 employees.