M&A Deal Summary

Anheuser-Busch InBev Acquires Oriental Brewery

On January 20, 2014, Anheuser-Busch InBev acquired beverage company Oriental Brewery from KKR and Affinity Equity Partners for 5.8B USD

Acquisition Highlights
  • This is Anheuser-Busch InBev’s 5th transaction in the Beverages sector.
  • This is Anheuser-Busch InBev’s 3rd largest (disclosed) transaction.
  • This is Anheuser-Busch InBev’s 1st transaction in South Korea.

M&A Deal Summary

Date 2014-01-20
Target Oriental Brewery
Sector Beverages
Buyer(s) Anheuser-Busch InBev
Sellers(s) KKR
Affinity Equity Partners
Deal Type Add-on Acquisition
Deal Value 5.8B USD

Target

Oriental Brewery

Seoul, South Korea
website
Oriental Brewery is a provider of breweries in South Korea with a dominant position in the Seoul Metropolitan Area and with a strong portfolio of brands including Cass, OB Blue and Cafri.

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Buyer(S) 1

Buyer

Anheuser-Busch InBev

Leuven, Belgium

website


Category Company
Founded 1366
Sector Beverages
Employees164,000
Revenue 46.9B USD (2020)
DESCRIPTION

Anheuser-Busch InBev is a multinational brewing company. The Company primarily markets and distributes beer, but also produces and markets soft drinks. Anheuser-Busch InBev's brands include Beck's, Budweiser, Bud Light, Corona, Castle, Castle Lite, Hoegaarden, Leffe, Aguila, Antarctica, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, Skol, Stella Artois. Anheuser-Busch InBev was incorporated in 1366 and is based in Leuven, Belgium.


DEAL STATS #
Overall 5 of 20
Sector (Beverages) 5 of 19
Type (Add-on Acquisition) 4 of 19
Country (South Korea) 1 of 1
Year (2014) 1 of 4
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-07 Crown Imports

Chicago, Illinois, United States

Crown Imports LLC, a division of Constellation Brands, imports, distributes and markets the Modelo portfolio and other fine beer brands across the entire U.S. The Modelo portfolio includes Corona Extra (the #1 imported beer in the US and #6 beer overall), Corona Light, Modelo Especial, Negra Modelo, Pacifico and Victoria (select markets) beer brands.

Sell $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-05 Blue Point Brewing

Patchogue, New York, United States

Blue Point Brewing Co., Inc. is a brewing company. Blue Point Brewing's beers are available in 15 states of distribution. Blue Point's portfolio of more than 40 craft beers includes Hoptical Illusion, ESB, RastafaRye Ale, Sour Cherry Imperial Stout, Toxic Sludge, White IPA, No Apologies Double IPA, and its flagship Toasted Lager.

Buy $24M

Seller(S) 2

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 48 of 171
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 14 of 61
Country (South Korea) 1 of 2
Year (2014) 2 of 17
Size (of disclosed) 7 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-17 ProSiebenSat.1 Media

Unterfohring, Germany

ProSiebenSat.1 Media is a media company that operates 27 TV channels in 10 countries. The Entertainment segment operates free TV stations, such as SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku, as well as distributes ProSiebenSat.1 HD stations. ProSiebenSat.1 Media was founded in 1984 and is based in Unterfohring, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Santander Consumer USA

Dallas, Texas, United States

Santander Consumer USA is a provider of financial services for vehicle and consumer lending products. Santander Consumer USA was founded in 1995 and is based in Dallas, Texas.

Sell -
SELLER

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 13 of 21
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 11 of 14
Country (South Korea) 7 of 10
Year (2014) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-14 LOEN Entertainment

Seoul, South Korea

LOEN Entertainment is a music Company in Korea, providing services in all frontiers of the music industry. LOEN Entertainment was founded in 1978 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-29 Velocity Frequent Flyer

Spring Hill, Australia

Velocity Frequent Flyer operates and manages airline loyalty programs. The company offers a world-class loyalty program for people flying with Virgin Australia. Velocity Frequent Flyer is based in Spring Hill, Australia.

Buy -