South Africa-based drink manufacturer The Beverage Company, which is backed by Sub-Saharan Africa-focused private equity fund managers Ethos and Nedbank Private Equity, has agreed to acquire SoftBev, a South Africa-based beverage company. Through the acquisition, The Beverage Company will take over production of SoftBev’s original brands, as well as its Pepsi bottling and distribution operations in Southern Africa. Financial details of the transaction, which is subject to final due diligence procedures and regulatory approval, were not disclosed.