Molson Coors to Acquire Central and Eastern European Brewer StarBev

Molson Coors Brewing Company (NYSE: TAP; TSX) today announced that it
has signed a definitive agreement with StarBev L.P., owned by funds
(CVC Funds) advised by CVC Capital Partners Limited (CVC) and
StarBev management, to acquire StarBev for 2.65 billion ($3.54
billion). Headquartered in Amsterdam, The Netherlands, and Prague, Czech
Republic, StarBev operates nine breweries in Central and Eastern Europe
(CEE) and generated 2011 sales of approximately 0.7 billion ($1.0
billion) and earnings before interest, taxes, depreciation and
amortization (EBITDA) of 241 million ($322 million).1 The
purchase price represents a multiple of approximately 11x EBITDA.

CVC Capital Partners Sells StarBev to Molson Coors Brewing Company

CVC Capital Partners today announced that Molson Coors Brewing Company
(NYSE: TAP; TSX) has signed a definitive agreement with StarBev L.P.,
owned by funds advised by CVC Capital Partners Limited (CVC) and
StarBev management, to acquire StarBev for 2.65 billion ($3.54
billion). Headquartered in Amsterdam, Netherlands and Prague, Czech
Republic, StarBev operates nine breweries in Central and Eastern Europe
(CEE) and generated 2011 sales of nearly 0.7 billion ($1.0 billion)
and earnings before interest, taxes, depreciation and amortization
(EBITDA) of 241 million ($322 million).

Hilton HHonors Reveals Top 10 Happiest Winter Travel Destinations in Europe

With more than 2 million Brits1 expected to book holidays this month, it’s clear that many are eager to escape the dreary winter days ahead; and with good reason. According to Happiness Expert Alexandra Watson, traveling during the winter months can provide more than just a suntan; it can also increase personal happiness during the most depressing time of the year. To help beat the winter blues, Hilton HHonors, the loyalty program for Hilton Worldwide’s 10 distinct hotel brands, commissioned a study to identify Europe’s top 10 happiest cities to travel to during the winter months. In addition, HHonors is offering its More Points promotion, rewarding members who travel through March 31 with extra Bonus Points.