Tropicana Brands Group (Tropicana, Naked) acquired by PAI Partners
PAI Partners acquired Tropicana Brands Group (Tropicana, Naked), a North America & Europe beverage brand, on Jan 24, 2022.
Transaction summary
- Target
- Tropicana Brands Group (Tropicana, Naked)
- Acquirer
- PAI Partners Investor profile →
- Seller
- PepsiCo
- Announced
- 2021-08-03
- Geography
- North America & Europe
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 61%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Parties at the deal date
Acquirer
Current investor profile →PAI Partners is a private equity firm that acquires market-leading businesses and transforms them through strategic and operational improvements, investing across four sectors of the real economy.
Snapshot preserved for this transaction; current company profiles may differ.
Value and multiples
100% enterprise value
Undisclosed
Value not disclosed
Basis: FundComb estimate
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period: FY2020
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Basis
- The price was not disclosed. Revenue: US$3bn (FY2020). PepsiCo received about US$3.3bn in pre-tax cash and kept a 39% stake; no whole-company value was disclosed.
Source summary
PepsiCo Announces Portfolio Optimization Actions For Juice Businesses In North America and Europe
Estimatedwhich will result in combined pre-tax cash proceeds of approximately $3.3 billion
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