Region: Benelux,
Sector: Consumer

Nature of Business

Refresco is an independent bottler of soft drinks and fruit juices for retailers and A-brands in Europe and the US. With production in the Benelux, Finland, France, Germany, Iberia, Italy, Poland the UK and US, Refresco’s global sourcing and local R&D capabilities offer an almost unlimited variety of products, manufactured to customer specifications and requirements.

Refresco offers an extensive range of product and packaging combinations from 100% fruit juices to carbonated soft drinks and mineral waters in carton, PET, Aseptic PET, cans, pouches and glass. The Company is headquartered in Rotterdam, the Netherlands.

Investment Overview

We initially acquired a minority stake in Refresco in 2010 to help support the Company’s continued growth and buy-and-build strategy. The merger with Gerber Emig in 2013 was a notable highlight during our investment period; enhancing the Company’s presence across Europe and strengthening its capability for industry innovation.

Refresco has demonstrated robust top line growth between 2010 and 2015, increasing revenue from €1.2bn to €2bn, and increasing profitability as a result of operational improvements and merger synergies. This is the second time 3i has supported Refresco’s growth, having previously financed a management buyout of the business in 2003.

Refresco announced the completion of its IPO on Euronext Amsterdam in March 2015.

Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i Amsterdam.

3i office contact

Cornelis Schuytstraat 72
1071 JL Amsterdam
Tel: 0031 / 20 3057444
Fax: 0031 / 20 3057455

Private Equity Team
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