Exponent backs Loch Lomond
Exponent Private Equity has acquired a majority stake in The Loch Lomond Distillery Company.
The deal saw Exponent picking up the Loch Lomond Distillery in Alexandria, West Dunbartonshire; the Glen Catrine packaging plant in Ayrshire; and the Glen Scotia malt distillery in Campbeltown, in Argyl and Bute. Exponent bought the assets via the Loch Lomond Group newco.
Company
The company's brands include Loch Lomond, Glen Scotia single malt, the High Commissioner blended Scotch whisky and Glen's Vodka.
People
Loch Lomond is headed up by CEO Colin Matthews. Former Diageo CFO Nick Rose will join the company's board as chairman.
Advisers
Equity – PwC (Financial due diligence); Allen & Overy (Legal).
Management – Deloitte (Corporate finance); Scotto & Associes (Legal).
Vendors – Brodies (Legal); Wylie & Bisset (Financial due diligence).
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