Brynwood Partners Entered Into an Agreement to Sell Harvest Hill Beverage Company to Castillo Hermanos
- Editor
- 7 days ago
- 2 min read
Whats Happening:
Brynwood Partners has reached a definitive agreement to sell Harvest Hill Beverage Company to Castillo Hermanos, a multinational diversified business group. Centerview Capital will make a strategic investment alongside Castillo Hermanos. This transaction represents the largest in Brynwood Partners' 40-year history and is subject to customary closing conditions and regulatory approvals.
Key Moves:
Brynwood Partners to sell Harvest Hill Beverage Company to Castillo Hermanos
Centerview Capital to make strategic investment alongside Castillo Hermanos
Transaction represents largest in Brynwood Partners' 40-year history
By The Numbers:
Brynwood Partners currently manages over $1.3 billion of private equity capital
Brynwood IX, raised in 2023, has $750 million of committed capital
Castillo Hermanos has presence in over 30 countries
Key Quotes:
"We are delighted to announce the sale of Harvest Hill, though it is a bittersweet moment as it is sad to say goodbye to a Company and brands that have meant so much to Brynwood Partners and me personally," said Henk Hartong III, Chairman and CEO of Brynwood Partners.
"The Harvest Hill sale will represent the largest transaction in Brynwood Partners' 40-year history. We are grateful for the commitment from our limited partners and the confidence that they conveyed to us through the Harvest Hill investment period."
"We are grateful to Castillo Hermanos and know that they will be great stewards of the business," said Ian MacTaggart, Vice Chairman of Brynwood Partners.
Bottom Line:
The sale of Harvest Hill Beverage Company marks a significant milestone for Brynwood Partners, representing its largest transaction in 40 years. This deal not only showcases Brynwood's ability to create value in its portfolio companies but also highlights the attractiveness of its assets to multinational corporations like Castillo Hermanos. The involvement of Centerview Capital as a strategic investor further underscores the potential for growth and expansion in the beverage industry.
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