SCPE thirsty for $32m Indian bottler deal
Despite its mammoth population - almost half of which is below the age of 30 – the per-capita consumption of soft drinks in India is one of the lowest in the world. For companies such as Varun Beverages (VBIL), which received an INR1.7 billion ($32 million) follow-on investment from Standard Chartered Private Equity (SCPE) last week, the opportunity this poses is immense.
SCPE, whose latest cash injection follows the purchase of a reported 5% stake in the firm for INR2.5 billion ($48 million) in July 2011, expects that increasing consumption to drive growth of 20-30% for...
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