Services

    Supporting the growth of a global consumer goods company

    With a value of ~$A11 billion, Coca-Cola Europacific Partners' acquisition of Coca-Cola Amatil Limited was the largest transaction in the Coca-Cola system in six years.

     

    Sector Services
    Sub-sector Consumer
    Location UK and Australia

    Opportunity

    Coca-Cola Europacific Partners (CCEP) mandated Macquarie to advise on the complex cross-border public company acquisition of Coca-Cola Amatil Limited (Amatil).

    The transaction would strengthen CCEP’s position as the number one Coca-Cola bottler globally, by revenue, and create new growth opportunities in the Australia, New Zealand and Asia-Pacific regions. 

    CCEP is the anchor bottler for Coca-Cola products in certain Western Europe markets including Great Britain, France, Germany, Portugal, Spain, Sweden, Norway and the Benelux. Amatil was the anchor bottler for the Australia, New Zealand, Indonesia, Papua New Guinea, Fiji, Samoa and several other Pacific Island markets

    Approach

    Macquarie Capital acted as a financial adviser to CCEP. Macquarie’s reading of the transaction dynamics, strong relationships with Amatil’s shareholders and deep cross-border mergers and acquisition experience was key to a successful outcome.

    With CCEP headquartered in London and listed on the London Stock Exchange (and other exchanges) and Amatil headquartered in Sydney and listed on the Australian Stock Exchange, seamless collaboration between Macquarie’s London, Sydney, Melbourne and Auckland teams was imperative to the success of this public markets transaction.

    Outcome

    CCEP successfully acquired Amatil, in a transaction valued at ~$A11 billion and saw 99 per cent of independent shareholders voting in favour of the scheme resolution.

    ~$A11 billion

    transaction value

    29 markets

    served by Coca-Cola Europacific Partners

    99 per cent

    shareholder acceptance

    $A13.50

    offered price per share

    The transaction was approved by The Coca-Cola Company who owned 31 per cent of Amatil and hold 19 per cent of CCEP.  Proforma the Amatil transaction, CCEP now have revenue of €14.8 billon, serve over 600 million consumers, have more than 33,200 employees and a footprint in 29 markets across Western Europe and Asia-Pacific. 

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