M&A Deal Summary

SABMiller Acquires Bavaria SA

On July 19, 2005, SABMiller acquired beverage company Bavaria SA for 3.5B USD

Acquisition Highlights
  • This is SABMiller’s 2nd transaction in the Beverages sector.
  • This is SABMiller’s 3rd largest (disclosed) transaction.
  • This is SABMiller’s 1st transaction in Colombia.

M&A Deal Summary
Date 2005-07-19
Target Bavaria SA
Sector Beverages
Buyer(s) SABMiller
Deal Type Add-on Acquisition
Deal Value 3.5B USD
Advisor(s) Lehman Brothers, Inc. (Financial)

Target

Bavaria SA

Bogota, Colombia
Bavaria, with beer and malt beverage volumes of 28.6 million hectolitres for the fiscal year ended 31 December 2004, is the second largest brewer in South America, as well as being the largest brewer in the Andean region. Bavaria operates 16 breweries, and enjoys significant market shares in each of its countries of operation: Colombia (99%), Peru (99%), Ecuador (93%) and Panama (79%). The strength of these market shares is supported by established local brands, a well-invested production base and efficient distribution networks.

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Buyer(S) 1

Buyer

SABMiller

London, United Kingdom
Category Company
Founded 1895
Sector Beverages
Employees70,000
Revenue 16.5B GBP (2015)
DESCRIPTION

SABMiller is a brewer with more than 200 beer brands and some 70,000 employees in over 75 countries.

DEAL STATS #
Overall 2 of 6
Sector (Beverages) 2 of 6
Type (Add-on Acquisition) 2 of 5
Country (Colombia) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-14 Birra Peroni s.r.l.

Rome, Italy

Birra Peroni S.p.A. boasts a strong heritage dating back to 1846 and is the second largest brewer in Italy with 25.2% of the market, volumes of 4.4m hls and a turnover of € 494m ($560m) in 2002. Its portfolio of brands includes Peroni (mainstream) with a leading market share of 12.5% of the Italian beer market over the last four years, and Nastro Azzurro (premium) with a market share of 4.0%. Birra Peroni has four breweries in Italy with a combined capacity of around 5.7m hls and employs 850 people.

Buy €246M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-02 MillerCoors

Chicago, Illinois, United States

MillerCoors is a joint venture between SABMiller and Molson Coors Brewing Company. The joint venture was created to sell brands such as Miller Lite, Miller High Life, Miller Genuine Draft, Coors, Coors Light, Molson Canadian, Leinenkugel's, Crispin Hard Cider Company, and Blue Moon across the United States.

Buy -
Mergr

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