Reuters - Cerveceria Costa Rica Buys PE-Backed North American Breweries

Cerveceria Costa Rica struck a deal to buy privately held North American Breweries, which sells Genesee and Labatt beer in the United States, for $388 million in cash. KPS Capital Partners, the private equity firm that owns North American Breweries, said in a statement on Friday that it expected the deal to close in the fourth quarter. KPS earned a return of more than 9 times invested capital on the sale, according to a source familiar with the matter. Cerveceria Costa Rica is a unit of Florida Ice and Farm Co S.A.

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