BWG buyout - Company News - Brief Article

Eurofood, August 1, 2002

Electra Partners Europe, the private equity group, has backed a 220m [euro] management buyout bid of the BWG Group from the France-based spirit and wine giant Pernod Ricard.

BWG Group provides goods and services to the retail grocery industry and the catering trade in the UK and Ireland. The divestment of this business by Pernod Ricard highlights the French firm's strategy to concentrate on its core activities of wine and spirits.

Electra Partners Europe said the deal would be conditional on regulatory approval from relevant authorities, and would give the private equity group a majority stake in BWG Group.