PEP, Unitas tipped to sell Independent Liquor to Asahi
Asahi Group Holdings has emerged as the leading candidate to purchase New Zealand drinks maker Independent Liquor, which is currently owned by Pacific Equity Partners and Unitas Capital. The deal could be worth up to NZ$1.4 billion ($1.2 billion), Dow Jones reported, citing people familiar with the situation.
The private equity firms set Thursday as the final deadline for bids. Independent Liquor primarily focuses on ready-to-drink alcoholic beverages and premixed hard-liquor drinks. Australia accounts for...
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