Japan's Asahi Group Buys PE-Backed Independent Liquor

Japanese beverage company Asahi Group Holdings will acquire New Zealand’s Independent Liquor, Reuters reported, citing the Nikkei business daily. Independent Liquor is currently owned by private equity firms Unitas and Pacific Equity Partners. The deal is valued at roughly 100 billion yen ($1.3 billion). Unitas and Pacific Equity Partners acquired Independent Liquor in 2006 for more than $1 billion, Reuters wrote.

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