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].

Group 1 - The core point of the news is the leadership change at Zhejiang Wahaha Group, with Zong Qinghou stepping down and Zong Fuli taking over as the legal representative, chairman, and general manager [1] - The company was established in February 1993 with a registered capital of 917.91755 million yuan [1][4] - In 2024, Zong Fuli reported a revenue of 72.8 billion yuan, matching the peak performance from ten years ago, despite facing controversies such as employee rights issues and channel backlash [2][3] Group 2 - In 2024, Wahaha is expected to return to a revenue range of 70 billion yuan, indicating an increase of approximately 20 billion yuan compared to the previous year [3][5] - The company’s revenue in 2023 was around 50 billion yuan, which showed a slight decline from 51.2 billion yuan in 2022 and 51.9 billion yuan in 2021 [5] - Wahaha's product matrix includes bottled water, protein drinks, carbonated drinks, tea drinks, fruit and vegetable juices, and coffee drinks, with its sales still heavily reliant on its traditional products [5]

以下文章来源于明亮公司 ，作者主编24小时在线 明亮公司 . 追踪新商业、好公司，提供一手情报与领先认知。 据界面， 「大窑」的前身是内蒙古八一饮料厂 ，"王庆东最早做酒类生意，那时就发现在餐饮渠道 没有一款特别好的饮料，做'餐饮饮料'的种子就此埋下，在王庆东转战汽水赛道收购八一饮料厂后， 就根据做酒类产品时啤酒在餐饮渠道卖的最好的经验，决定打造一款和啤酒一样大玻璃瓶的汽水，大 窑就此诞生。" 公司官网显示，目前主要产品包括 碳酸饮料、果蔬汁饮料、茶饮料、能量饮料、蛋白饮料、礼盒产 品、海外产品等多个类目 。目前公司拥有内蒙古、宁夏、吉林、辽宁、安徽、陕西、山东七座智能 工厂。 今年以来，在饮品领域包括蜜雪冰城、古茗、沪上阿姨等新茶饮品牌都已经接近上市。目前已经上市 的新茶饮品牌中，去年上市茶百道（2555.HK）估值约142亿元、P/E约16.44倍；更早上市的奈雪的 茶（02150.HK）总市值约20亿元。 | 发福利！ 添加下方明亮公司主编微信有惊喜！ #数店 作者：MD 出品：明亮公司 据彭博援引知情人士消息，饮品企业「大窑」正筹备最快2025年下半年在香港的IPO，目前正与咨询 机构接触，预计募资规 ...