Family offices are in the mood for a beer


A number of family offices are buzzing around the beer assets being sold off by SABMiller as it is acquired by AB InBev, the world’s biggest brewer in terms of sales.

Jacobs Holding, the investment office of the German entrepreneur, Klaus Jacob and his family, is looking to acquire the Central and Eastern European assets of SABMiller, according to a report. The investment office has teamed up with PSP Investments, a Canadian pension fund, to make a bid for the assets, which are worth billions of dollars, says the Sky News report.

But Jacobs Holdings might face some competition for the assets from other family offices. R2G, the Czech family office of Oldrich Slemr, a former shareholder of the Ceska Gumarenska group, an industrial tire manufacturing business, is also looking to acquire the beer assets. So too is Kulczyk Investments, the family office of Sebastian Kulczyk, Poland’s wealthiest individual, according to reports in the local media.

The assets in the region, which include famous brands like Czech beer Pilsner Urquell, and Polish beers Tyskie and Lech, are being sold to smooth the regulatory approval of the AB InBev and SABMiller merger.