Emperador Inc., a unit of Philippines-based Alliance Global Group Inc. (PSE: AGI), agreed to acquire Beam Suntori’s (NYSE:BEAM) Jerez-based brandy and sherry business for €275 million in an all cash deal. The agreement includes the Fundador, Harveys, Terry and Tres Cepas brands, as well as production operations in Jerez and Tomelloso, Spain.
Emperador Inc. is the world’s largest brandy producer. “We are very excited about adding the iconic brands of Fundador (the Philippines’ premier imported brandy brand), Terry Centenario (Spain’s number one selling brandy), Tres Cepas (number one brandy in Equatorial Guinea) and Harveys (number one selling sherry wine in the United Kingdom) to the Emperador portfolio,” said Winston Co, president of Emperador. “We look forward to continuing to invest behind the acquired brands, welcoming the transferring employees to Emperador and engaging with the local community.”
Beam Suntory is the world’s third largest premium spirits company. “A recent review of our portfolio of brands and supply chain footprint led us to believe that our Spain-based brandy and Sherry business could be of greater value to another company,” said Steve Fechheimer, head of strategy and corporate development at Beam Suntory. “Our teams in Jerez and Tomelloso are outstanding, and I am confident that the operations and the brands produced there have a very bright future as part of Emperador Inc.”
Rabboback acted as the sole financial advisor to Beam Suntory, with Uria Menendez the legal advisor, and Deloitte the accounting advisor. Emperador was advised by Nomura (sole financial advisor), Allen & Overy (legal advisor) and KPMG (accounting advisor).
Emperador Inc. is the liquor unit of consumer-centric conglomerate Alliance Global Group, Inc. of the Philippines, owned by the family of its chairman and CEO Dr. Andrew L. Tan. Last year, Emperador acquired Whyte and Mackay Limited, the world’s 5th largest scotch whisky company. Among its prestigious brands are The Dalmore and Jura Single Malt Scotch Whiskies, Whyte & Mackay and John Barr Blended Scotch Whiskies, and Vladivar Vodka.
Beam Suntory, Inc. was created in 2014 by combining the world leader in bourbon and the pioneer in Japanese whisky. Headquartered in Deerfield, Illinois, Beam Suntory is a subsidiary of Suntory Holdings Limited of Japan. Suntory acquired Beam Inc. for $16 billion in 2014. Consumers from all corners of the globe call for the company’s brands, including the iconic Jim Beam and Maker’s Mark bourbon brands and Suntory whisky Kakubin, as well as world renowned premium brands including Knob Creek bourbon, Yamazaki, Hakushu and Hibiki Japanese whiskies, Teacher’s, Laphroaig, and Bowmore Scotch whiskies, Canadian Club whisky, Courvoisier cognac, Sauza tequila, Pinnacle vodka, and Midori liqueur.