ThaiBev acquires Myanmar distilleries as TPG exits

Thai Beverage Public Co has acquired a combined 75% stake in two Myanmar distilleries in a deal worth $742 million, hoping to tap into growth in the country’s nascent spirits market. ThaiBev acquired the 75% stake in Myanmar Supply Chain and Services Go (MSCS) and Myanmar Distillery Co (MDC) from four third-party vendors, including Texas-based […]

Dealmaking excitement builds over beers in newly opened Myanmar

YANGON (Bloomberg) – A scorching May day in Myanmar calls for beers and loosened neck ties. At newly opened Harry’s Bar in Yangon, investors talk opportunities over draft lagers, jalapeno steak sliders and fries. Several private equity types and company executives are gathered around Ms Jasmine Thazin Aung, an energetic and bubbly Yangon-based executive director at […]

TPG Buys 50% Stake in Myanmar Distillery Co.

Myanmar Distillery Co. makes brands including Grand Royal Whisky and Hero Whisky, as well as rum, gin and wine coolers that are sold through approximately 1,300 retailers and 21,000 retail stores throughout Myanmar. This is TPG’s first return to the alcohol industry since it sold its 90% stake in Turkey’s raki maker Mey Icki Sanayi […]