Kirin Pays Top Dollar for Rest of Schincariol

Kirin Pays Top Dollar for Rest of Schincariol

Brazil Japan M&A

Japanese beer company Kirin struck a $1.35bn deal with minority shareholders of Brazilian brewer Schincariol, to acquire the 49.54% stake in the company that it didn’t already own. The deal comes just three months after Kirin agreed to pay $2.52bn for 50.45% of Schincariol, a transaction that, at the time, represented an enterprise value (EV) to Ebitda of 15.7x, significantly higher than the price paid in previous brewer company acquisitions. With the latest stake purchase, analysts estimat

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial