Cadbury Schweppes has remained silent on reports that the group has received considerable private equity interest regarding the sale of its US beverages business.
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According to a report in The Times, the company has been approached by Kohlberg Kravis Roberts, Bain Capital and Texas Pacific Group.
“We do not comment on market rumour and speculation,” the company told just-food, although the group did concede that it was not disappointed with the level of interest the possible sale was attracting.
Cadbury Schweppes announced earlier this month that the group is dividing its confectionery and US beverages business, either through a sale, partial flotation or spin-off.
Strong private equity interest in the beverage business is expected. “Private equity interest in Americas Beverages will be high,” Investec analyst Martin Deboo told just-food. “It is the sort of business private equity will look favourably on.”
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