Holland & Knight Advises Castle Brands in $223 Million Acquisition by Pernod Ricard
MIAMI (October 16, 2019) – Holland & Knight represented Castle Brands Inc. (previously NYSE American: ROX) in its $223 million sale to a subsidiary of Pernod Ricard, the global French wines and spirits producer (Euronext: RI), through a cash tender offer followed by a short-form cash merger. As a result of the tender offer and merger, Castle Brands became an indirect wholly owned subsidiary of Pernod Ricard and the common stock of Castle Brands ceased trading on the NYSE American. The transactions involving the alcoholic beverages companies closed on October 9.
Castle Brands is a developer and international marketer of premium and super-premium brands including: Jefferson’s®, Jefferson’s Presidential SelectTM, Jefferson’s Reserve®, Jefferson’s Ocean Aged at Sea Bourbon®, Jefferson’s Wine Finish Collection and Jefferson’s Wood Experiments, Goslings® Rums, Goslings® Stormy Ginger Beer, Knappogue Castle Whiskey®, Clontarf® Irish Whiskey, Pallini® Limoncello, Boru® Vodka, Brady’s® Irish Cream, The Arran Malt® Single Malt Scotch Whisky, The Robert Burns Scotch Whisky and Machrie Moor Scotch Whisky.
Castle Brands was advised by a Holland & Knight team including Corporate Partners Bradley D. Houser, Shane Segarra and 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.
More information about the transactions can be found here.