Juice Pouch Brand Capri-Sun Said to Explore Minority Stake Sale

Capri-Sun, the maker of juice drink pouches, is exploring the sale of a minority stake, according to people familiar with the matter.

The company, which is controlled by Swiss billionaire Hans-Peter Wild, is working with advisers to gauge interest from potential investors, the people said. It’s seeking to raise more than $500 million, according to the people, who asked not to be identified because the information is private.

Capri-Sun aims to use any proceeds to buy back the license for Capri-Sun North America and accompanying operations that are currently held by Kraft Heinz Co., the people said. ...