StarBev: CVC under pressure to find funds?

By: Chris Mercer - 28 February 2012 15:29

Is CVC Capital testing the waters for a StarBev exit because it needs the funds to service debt elsewhere?

It remains extremely unclear whether anything will come of the initial interest shown in StarBev.

However, could CVC be a forced seller? I point you towards a Reuters article out of Australia, which discusses CVC's debt issues regarding its Nine Entertainment business there.

This makes interesting reading and raises the possibility that CVC might be seeking to extract cash from elsewhere in its business. Something to watch, perhaps.