PE-VC Fund Investments
Goldman invests $600-M for Jubilant’s 40% stake-buy in Coca-Cola India unit
Goldman Sachs Asset Management has provided USD 600 million to partially fund the investment needed by Jubilant Bhartia Group for its purchase of a 40% stake in Coca-Cola’s bottling unit in India. Goldman Sachs Asset Management’s hybrid fund subscribed to convertible preference shares issued by the Jubilant Bhartia Group.The group will fund the remaining USD 900 million required (for the USD 1.5 Billion acquisition) with USD 600 million of equity and USD 300 million in debt.
In Dec 2024, Jubilant Beverages agreed to acquire a 40% stake in Hindustan Coca Cola Holdings for USD 1.5 B.
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