Businesswire·2025-12-24 06:50Core Viewpoint - PAG and KKR have signed definitive agreements to acquire 100% of Sapporo Real Estate from Sapporo Holdings, with the first tranche of 51% expected to close on June 1, 2026, facilitating a smooth transition [1] Group Overview - Sapporo Holdings has a history of over 140 years and operates in three main sectors: alcoholic beverages, food and soft drinks, and real estate. The company aims to focus on its alcoholic beverages business by divesting its real estate segment [2][5] - Sapporo Real Estate manages a diverse portfolio of commercial, office, hotel, and residential assets primarily in Ebisu and Sapporo. Post-transaction, it will operate as an independent entity under PAG and KKR [3][7] Strategic Intent - Sapporo Holdings plans to reinvest proceeds from the sale into growth initiatives within its alcoholic beverages business, enhancing customer experiences and focusing on capital efficiency [2] - PAG and KKR intend to leverage their extensive global networks and operational expertise to enhance the value of Sapporo Real Estate's portfolio and contribute to urban development [3][4] Investment Firms Overview - PAG is a leading alternative investment firm in the Asia-Pacific region, managing over USD 55 billion in assets and having invested more than USD 48 billion in real estate across the region [8] - KKR is a global investment firm that focuses on alternative asset management and aims to generate attractive investment returns through a disciplined approach and support for portfolio companies [9]