Blackstone and Lion Capital have sealed one of the biggest private equity exits of the year by agreeing a binding €2.6bn ($3.84bn) deal to sell Orangina Schweppes, the French soft drink maker, to its Japanese rival Suntory. Suntory, the privately-owned maker of beer, whisky and soft drinks, which is itself in talks to merge with its Japanese rival Kirin, has made a binding offer for Orangina, its private equity owners said on Tuesday.

This entry was posted by Gwen Robinson on Wednesday, September 23rd, 2009 at 4:56 and is filed under Capital markets, M&A, Private equity. Tagged with blackstone, Lion, Orangina, Suntory. Edit this entry.