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Warburg Pincus and Kelso want to buy Mexican bottling company Coca-Cola Femsa for $5.5 billion

Mexican bottler Coca-Cola Femsa is in talks to sell its US packaging and food business to private equity firms Warburg Pincus and Kelso & Co. for about $5 billion.

Kelso will complete the deal through portfolio company BradyIFS, according to sources.

Representatives for Femsa, Warburg Pincus and Kelso declined to comment.

Monterrey, Mexico-based Femsa announced in February a strategic review of some non-core businesses, including its stake in Dutch brewer Heineken NV, as well as Envoy Solutions.

Envoy Solutions, based in Glenview, Illinois, provides a wide range of packaging and food services, from corrugated boxes to house cleaning.

Femsa, a beverage distributor, bottler and convenience store operator, acquired a 20% stake in Heineken in 2010 before cutting its stake. Last year it acquired Valora, a Swiss company that operates about 2,700 cafes and convenience stores, for $1.2 billion to expand in Europe.

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Forex Award | World Forex Award | Forex
Forex Award | World Forex Award | Forex
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