Refresco
- Sector Consumer & Private Label
- Year invested 2010
- Location Benelux
- Status Realised
We initially acquired a minority stake in Refresco in 2010 to help support the company’s continued growth and buy-and-build strategy.
Visit refresco.com
Overview
During our ownership, Refresco transformed from a European juice manufacturer to a leading European independent bottler of soft drinks for A-brand owners.
Refresco’s merger with Gerber Emig in 2013 was a transformational value driver, enhancing the company’s presence across Europe and strengthening its capability for industry innovation. In addition, Refresco acquired German-headquartered SDI, Spumador in Italy and Taja in Poland, taking its production facilities to 27 across nine countries with a total of 159 production lines and a truly pan-European footprint.
How we added value
- Increased revenue from €1.2bn to €2bn between 2010 and 2015
- Grew volumes from 3.8bn litres in 2010 to 6.1bn litres in 2015
- Completion of its IPO on Euronext Amsterdam in March 2015
- Successfully entered the Italian market and significantly increased market share in Germany, the UK and France
Read more about Refresco's Good to Great journey here.
The successful listing of Refresco on the Euronext Amsterdam represents a significant milestone for the Company following our expansion from a local juice manufacturer to the leading European independent bottler of soft drinks for retailers and A-brand owners.
Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Benelux.