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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Strategic Buyer
AB InBev Sells U.S. Rights to Corona and Other Modelo Brands to Constellation

The announcement came after the U.S. Justice Department sued to block AB InBev’s $201.B deal to buy Modelo

Anheuser-Busch InBev (NYSE: BUD) (AB InBev) will sell the U.S. rights to Corona and other Grupo Modelo (BMV: GMODELOC) brands to Constellation Brands Inc. (NYSE: STZ) for $2.9 billion, after the U.S. Justice Department sued to block AB InBev’s deal to acquire Modelo.

Compañía Cervecera de Coahuila, Modelo’s brewery in Piedras Negras, Mexico, will go to Constellation through the deal.

On Jan. 31 the Justice Department filed an antitrust lawsuit to block AB InBev’s $20.1 billion deal for Modelo, saying the transaction would reduce competition in the beer market and would result in consumers paying more for beer. 

Constellation had already agreed in June to buy Modelo’s 50 percent stake in Crown beer for $1.85 billion.

For more on the deal, see “AB InBev/Model Deal Amplifies Consolidation in Emerging Markets." 

The announcement comes on the heels of Japanese beer and beverage maker Asahi Group’s filing a lawsuit in Australia against two private equity firms over a $ 1.53 billion deal in New Zealand two years ago.

Asahi Holdings Australia is suing Pacific Equity Partners of Australia and Unitas Capital of Hong Kong, accusing the two firms of falsely represented the financial position of Independent Liquor by significantly inflating its Ebitda. Unitas and Pacific Equity have each rejected Asahi’s claims.

 

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