Slaughter and May is advising Stock Spirits Group PLC (Stock Spirits) on the recommended cash acquisition of its entire issued and to be issued ordinary share capital by Sunray Investments Luxembourg S.à r.l., a newly formed company to be owned by funds advised by affiliates of CVC Advisers Limited. The proposed acquisition was announced on 12 August 2021.
Under the terms of the acquisition, each Stock Spirits shareholder will be entitled to receive 377 pence in cash for each Stock Spirits ordinary share held by them. The acquisition values the entire issued and to be issued ordinary share capital of Stock Spirits at approximately £767 million on a fully diluted basis and is expected to complete between early December 2021 to early January 2022, subject to receipt of customary shareholder and antitrust approvals.
Stock Spirits is one of the leading owners and producers of branded spirits and liqueurs that are principally sold in Central and Eastern Europe and Italy. Stock Spirits has a portfolio of over 70 own brands and over 70 third party brands, which are distributed in over 50 markets around the world.
Slaughter and May is supporting Stock Spirits’ in-house legal team led by Steve Weatherley (Group General Counsel) and Sally Kenward (Company Secretary).
Olivia Withers / Trainee, Adriana Bica / Trainee