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Lion Capital and Blackstone close on sale of Orangina

The Blackstone Group and Lion Capital have closed on the sale of the Orangina Schweppes Group to Suntory Holdings.

The closing follows receipt of a binding offer from Suntory to purchase Orangina and the completion of all the social, regulatory and legal requirements necessary for a sale.

Lion Capital and Blackstone have been majority investment partners in Orangina Schweppes since 2006.

Under their ownership and led by a largely new management team recruited by Blackstone and Lion Capital, Orangina Schweppes has achieved growth, both organically in its core countries and by expansion into new markets, as well as through strategic acquisitions of leading brands.

From 2006 to 2009, total group volumes and sales have expanded, supported by a re-launch of each of the core brands and stepped-up investment in trade and consumer marketing.

Rothschild, JPMorgan, Citigroup, Blackstone Corporate Advisory, RBS and Nomura acted as financial advisers to Lion Capital and Blackstone.

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