Core Viewpoint - KKR has successfully completed the acquisition of an 85% stake in Vista International Inc., a company primarily engaged in the beverage business in China, as of July 4, 2025 [1][3]. Group 1: Transaction Overview - KKR, through its newly established special purpose company Dynamo Asia Holdings II Private Limited, has acquired 85% of the shares of Vista International Inc. [3] - Prior to the transaction, Vista International was wholly owned and controlled by a natural person, and post-transaction, KKR will gain indirect sole control over the target company [3][4]. - The target company was established in the Cayman Islands in 2024 and operates primarily in the beverage sector in China [4]. Group 2: Market Position and Share - The target company holds a market share of 5-10% in the carbonated beverage market in China as of 2024 [4]. - KKR and the target company do not operate in the same relevant market, and their market shares in each related market are below 25%, which facilitated the approval of the transaction [4]. Group 3: Company Background - KKR was founded in 1976 in the United States and is a publicly traded private equity firm listed on the New York Stock Exchange [4]. - The ultimate controller of KKR is KKR Management Limited Partnership, which is a holding company involved in investment activities [4]. Group 4: Industry Context - The beverage industry in China is experiencing growth, with local brands like Daya Beverage expressing confidence in the market due to national pride and a resurgence of domestic brands [5]. - Daya Beverage, founded in the 1980s, has expanded its product offerings beyond carbonated drinks to include fruit and vegetable juices, plant-based protein drinks, energy-flavored beverages, and tea drinks [5].