Unitas, PEP Looking to Sell Stake in Independent Liquor

Buyout shops Unitas and Pacific Equity Partners are looking to sell a stake in New Zealand beverages group Independent Liquor, Reuters reported Thursday. PEP and Unitas bought Independent Liquor in 2006 for more than $1 billion, and have now hired UBS to find strategic partners to sell their stakes in the business, Reuters wrote.

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