PE Firms Want Oriental Brewing, But Do They Have A Chance?
Our Reuters colleague Mike Flaherty today reported that several buyout firms are circling South Korean beermaker Oriental Brewery, which is hoping to garner more than $2 billion. There are lots of interested suitors -- including Blackstone, Bain, KKR, MBK and Affinity Partners -- but this deal seems like it should be a real longshot. There’s only one way this type of deal would make sense, and that’s if it looks like last year's Weather Channel transaction. In that case, two buyout firms (Blackstone Group and Bain Capital) teamed up with a strategic buyer (NBC) to purchase the Landmark Communication divestiture. Part of the reason PE buyers of the second largest South Korean brewery would/should need to team up with strategic buyers
19 February 2009•2 mins read
