Castle Brands Inc. was acquired by a subsidiary of Pernod Ricard, the second biggest wine and spirits seller. Holland & Knight Partners Brad Houser and Shane Segarra led the team representing Castle Brands.
"We were pleased we were able to close the transaction within two months of receiving the first draft of the merger agreement from the acquirer and within six weeks of signing the merger agreement," Mr. Houser said. “We were able to move the transaction along quickly."
"We also were able to structure so we didn’t have to get shareholder approval, which was certainly helpful for our clients," Mr. Segarra said. "This helped shorten the time frame for the deal."
Holland & Knight Corporate Partner John Dierking, Tax Partner William Sherman and Employee Benefits Partner Robert Friedman, Corporate Associates Allison Lehn and Zachary Pechter, Tax Associate Christopher Marotta and Employee Benefits Associate Austin Stack also worked on the transaction.
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