Korea Investment & Securities Arranges Acquisition Financing for Orange Juice Brand 'Tropicana'

[Asia Economy Reporter Lee Jung-yoon] Korea Investment & Securities, a subsidiary of Korea Financial Group, announced on the 28th that it will participate as a joint lead arranger in acquisition financing for the orange juice brand Tropicana in partnership with European private equity firm PAI Partners.

Tropicana is the number one brand in the North American refrigerated orange juice market owned by Pepsi. Last year, Pepsi decided to sell Tropicana to PAI Partners. PAI Partners formed a syndicate of acquisition financing arrangers including Credit Suisse and Bank of America to raise $4.4 billion (approximately 5.27 trillion KRW) in acquisition funds.

Korea Investment & Securities will participate as a lead arranger alongside prominent global investment banks, managing senior and mezzanine loans. Among the syndicate, Korea Investment & Securities is the only Korean financial company. This was the result of close cooperation between the Hong Kong local IB division, which has continuously engaged with PAI Partners, the headquarters IB group, and the New York IB division, enhancing negotiation power.

A representative from Korea Investment & Securities stated, "We plan to focus our capabilities on expanding synergies among overseas local subsidiaries, continuously expanding our network and pipeline within the global financial market, and building a diverse corporate finance track record."

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