Hillhouse Capital acquires Scottish whisky producer Loch Lomond Group from Exponent.
M2 EQUITYBITES-June 11, 2019-Hillhouse Capital acquires Scottish whisky producer Loch Lomond Group from Exponent
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Hillhouse Capital Management, a Hong Kong-based investment firm, in partnership with the management team from Scotland-based whisky producer Loch Lomond, has announced the acquisition of Loch Lomond Group from Exponent Private Equity, the company said.
Since the original buyout of Loch Lomond from the Bulloch family in 2014, the company has invested in growing its portfolio of brands, distillery and bottling infrastructure, global distribution platform, and management team. The business now generates about 70% of its revenue from more than 100 international markets, versus less than 10% at acquisition.
Teaming up with Hillhouse offers a strong partner for the business to further develop its international presence, particularly in Asia where whisky has become increasingly popular in recent years, and a market where Hillhouse has deep knowledge and strong business relationships. Hillhouse also brings to the partnership a strong track record of building long-term relationships with innovative consumer brands, such as Peet's Coffee and Gimborn, in helping them expand their global presence and reputation.
Hillhouse Capital said Loch Lomond's heritage in Scotch whisky gives the business a distinct advantage as they look to further build on their success across the world, especially in the increasingly discerning Asian spirits market. Hillhouse's operational team will work with Loch Lomond's management to help it offer a premium consumer experience in international markets through channels like e-commerce and new retail.
Loch Lomond Group is an international premium branded spirits business with global presence in over 120 countries. The company's production spans sites across Scotland and is one of the few distillers to have a fully integrated production and supply capability with 2 distilleries at Alexandria in Dunbartonshire and on-site cooperage, Glen Scotia distillery in Campbeltown, Argyll and its own bottling plant in Catrine, Ayrshire.
Hillhouse Capital works across the private equity spectrum, from seed investments to buyouts. Hillhouse manages capital on behalf of global institutions such as non-profit foundations and pensions, supporting educational scholarships, scientific innovation and artistic achievements.
Exponent is one of the UK's leading private equity firms.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 11, 2019|
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