StarBev Sale Brings Cheer To CVC

The EUR 2.65 bln sale of Starbev to Molson Coors by CVC is the latter’s second largest PE deal of this year.  Two and a half years ago, CVC bought StarBev for EUR 2.23 bln; the Eastern European brewer now has nine different facilities that account for EUR 700 mln each in annual revenues and boasts an employee base of over 4,000. Molson Coors overcame tough competition for the purchase of StarBev, winning the bid over top contenders like SABMiller, Carlsberg, Heineken and even former StarBev owners Anheuser-Busch InBev. StarBev was CVC’s very first investment in the CEE region.