Investment fund CVC Capital Partners, which controls over 50companies with 88 billion euros in turnover worldwide, will takeover Romanian operations of Belgian group ABInBev (ABI), theBergenbier producer, in a deal which ZF estimates to be worth atleast 300 million euros. "This is a good move for the brand. Underthe current circumstances, Bergenbier becomes the second-largestbeer brand in CVC's portfolio, after Serbia's Jelen Pivo. I thinkthe new investor will give it the attention it deserves, byfocusing on the brand's consistent long-term development," MihaiGhyka, former chief executive of InBev Romania and one of the keyinvestors in the development of the Bergenbier brand, told ZF.Representatives of InBev Romania, the third largest player on theRomanian beer market, with a 19% market share in 2008, had notcommented on the deal by the time this issue was ready for print.CVC Capital Partners will acquire ABI operations on eight Europeanmarkets, in a 2.23 billion-dollar (1.5 billion-euro) deal,according to an announcement made yesterday by the two companies.Romania is the largest of the eight markets involved in the deal,with Romanian sales accounting for over 25% of overall volumes soldin the region in 2008. Considering the volume of sales recorded inRomania (4 million hectolitres in 2008) and the share of theRomanian market among the eight markets where ABI sold itsoperations, the deal is worth at least 300-350 million euros.According to ZF's Top 100 most valuable companies in Romania, puttogether in collaboration with Capital Partners, InBev's Romanianoperations were valued at 335 million euros in 2008, a similarlevel to that recorded in 2007.
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