Lark Distilling acquires Pontville Distillery and Estate

Lark Distilling acquires Pontville Distillery and Estate

25 October 2021 By Naomi Neilson
Lark Distilling acquires Pontville Distillery and Estate

Leading distiller of single malt whisky Lark Distilling has been assisted with its acquisition of Pontville Distillery and Estate by Gadens.

Firm: Gadens (Lark Distilling)

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Deal: Gadens has advised Lark Distilling on its acquisition of Pontville Distillery and Estate and associated capital raising.

Value: The total consideration of the acquisition is $40 million, with the associated capital raising totalling $53 million.

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Area: Corporate, M&A.

Key players: The team was led by partner Jeremy Smith, with support from senior associate Steven Wambeek and associate Michael Castricum.

Deal significance: This acquisition raises the number of distilleries owned by Lark to three and supports its vision of becoming an icon in single malt whiskey.

Gadens was engaged by Lark to advise on all legal aspects of the transaction, including the institutional placement. Barrenjoey Capital Partners acted as lead manager to the placement, and Pitcher Partners acted as financial and tax advisors.

Mr Smith commented: “It was great to be able to work with Lark again on what is an exciting acquisition for the company. Lark has an exciting few years ahead, and I look forward to seeing it continue to succeed.”

Lark Distilling acquires Pontville Distillery and Estate
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