Carlyle and Pepsi believed to be in the Cadbury Schweppes Running
The deal may bring in cash worth around $2 billion to Cadbury, which will help ease the company's debt burden.
05/09/05 Private equity group the Carlyle Group is the favourite to take over Cabbury Schweppes’ European beverages arm with other private equity groups PAI, Lion Capital, Cinven and BC Partners also believed to be involved in the bid. According to a report in the Sunday Express The Carlyle group has hired former PepsiCo executive Nish Kankiwala from rival investment house KKR to lead the bid.
Softdrinks major PepsiCo is also believed to be targeting to buy the European beverage operations of Cadbury Schweppes. Analysts feel Coca Cola may not bid, as it is likely to face competition issues.
The deal may bring in cash worth around $2 billion to Cadbury, which will help ease the company's debt burden.
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