Tigress Financial Partners On 3G Capital-PepsiCo Rumor: Growth Areas Are Not In Carbonated Beverages

Speaking to Benzinga, Tigress Financial Partners Chief Investment Officer Ivan Feinseth said that the
issue with 3G Capital’s rumored interested in acquiring PepsiCo, Inc. PEP is that growth areas are no in big brand carbonated beverages.

“It’s in all the niche brands, so why wouldn’t they go in that direction?” He asked.

If 3G Capital did buy the company, Feinseth said that the firm could split up the beverage unit from the chip unit, Frito-Lay, and sell one of them.

“That would be an ideal private equity transaction in theory,” he said, “because you could use the cash from the sale of the one business to pay or the purchase of the other.”

Shares of PepsiCo were trading 3 percent higher in today's session.