Campari Group has announced that it has acquired from ODC (BidCo) a 14.6% minority stake in Capevin, a South African company that indirectly owns whisky specialist CVH Spirits. CVH Spirits is a Scottish company that operates in the production and commercialization of the single malt whisky brands Bunnahabhain, Deanston, Tobermory, and Ledaig. It also owns blended whiskies Scottish Leader and Black Bottle. Prior to this latest deal, Campari already held the distribution rights for brands from CVH Spirits’ portfolio in France and South Korea.
Campari Group, founded in Italy in 1860, has a global portfolio of over 50 spirits brands, including Aperol, Campari, Grand Marnier, Courvoisier, and more. It currently operates in over 190 nations worldwide, from 25 production sites globally including its headquarters in Milan, Italy.
In a statement announcing the transaction, the Italian spirits giant paid £69.6 million (approx. $92.2 million) for the minority stake, financed using available cash. Following Capevin’s memorandum of incorporation, Campari said it has exercised its right to appoint a board member and has additional governance rights to protect its minority position.