date:Mar 18, 2014
Emerging Capital Partners (ECP), a private equity firm, has acquired a 33% stake in Algeria-based PepsiCo bottler Atlas Bottling Corporation (ABC).
Formed under a partnership between Pepsi Cola International and Group Mehri, ABC bottles Pepsi Cola, Pepsi Max, Mirinda and Seven-up.
The transaction forms a part of ECP's $80m investment plan.
The growth equity from ECP, along with the debt from commercial banks, will be used in developing a new production facility and expanding bottling capacity