Tequilera Milagro have sold their remaining 48% in William Grant & Sons Ltd to the majority shareholders for US$60 million.
William Grant & Sons Ltd is a member of the Scotch Whisky Association (S.W.A) and the Wine and Spirit Trade Association (WSTA). The company is engaged in the production and distribution worldwide of spirits and liqueurs.
This transaction consists on the sale of the last two tranches of a prior prearranged transaction structure that implied a commitment to acquire a majority participation in the company within two years. The intention of this transaction was to raise funds for future investments in the company. It concluded in the acquisition of a minority interest, with the commitment of acquiring a majority participating within two years.
Tequilera Milagro produces and distributes super premium Tequila 100% Agave.
Oaklins' team in Mexico advised the seller in this transaction.
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