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KPS Sells Portfolio Company to CCR for $388 Million
- Client News
- October 26, 2012
Paul, Weiss client KPS Capital Partners, LP (KPS) announced that it signed a definitive agreement to sell its portfolio company, North American Breweries Holdings, LLC (NAB) to Cervecerίa Costa Rica, S.A. (CCR) for $388 million in cash. Completion of the transaction, which is expected in the fourth quarter, is subject to customary closing conditions.
NAB is one of the largest independently owned beer companies in the United States and the owner of a diverse portfolio of brands including Labatt, Magic Hat, Pyramid and the Original Honey Brown Lager.
The Paul, Weiss team advising on the transaction included corporate partners Angelo Bonvino, Thomas de la Bastide and Carl Reisner; employee benefits partner Robert Fleder and counsel Erin Murphy; tax partner David Mayo; and environmental counsel William O'Brien.