Molson Coors Taps European Market With $3.5B StarBev Buy

Law360, New York (April 3, 2012, 7:19 PM EDT) -- Colorado-based beer manufacturing giant Molson Coors Brewing Co. has acquired Eastern European beer company StarBev LP from U.K. private equity firm CVC Capital Partners Ltd. and StarBev management for €2.65 billion ($3.54 billion), Molson Coors said Tuesday.

Molson Coors, which has executive offices in Denver and Montreal, said it acquired StarBev from CVC's funds and existing management for a purchase price of roughly 11 times StarBev's 2011 EBITDA of $322 million.

The transaction is expected to close in the second half of 2012.

Molson Coors President...
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