Costa Rican Brewer Drops $388M On US Labatt Distributor

Law360, New York (October 26, 2012, 4:11 PM EDT) -- Cerveceria Costa Rica SA will pay $388 million to lift ownership of North American Breweries Holdings LLC, which sells the Labatt and Magic Hat brands in the U.S., from private equity firm KPS Capital Partners LP, the firm said Friday.

KPS did not give a financing breakdown for the all-cash deal, which it expects to close in the fourth quarter subject to certain conditions. In being absorbed by the Costa Rican brewer, North American joins a slew of other companies being swallowed into a broader entity...
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