TMCnet News
London-Based Cælum Capital Limited Invests in Pioneering Scotch Whisky Business - Compass BoxCælum Capital Limited, a specialist investor focused on premium beverage businesses, announced the acquisition of a majority stake in Compass Box Delicious Whisky Limited, a London-based premium Scotch whisky brand. Compass Box is ranked 4th in the "Top Trending Brands" in Scotch whisky segment by Drinks International. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220505005290/en/ London-Based Cælum Capital Limited Invests in Pioneering Scotch Whisky Business - Compass Box (Photo: Business Wire) Cælum was set up by Manish Rungta, an ex-Diageo executive with a background in private equity. Cælum has brought in Maurice Doyle as the new CEO of Compass Box to partner with the Founder, John Glaser, in the continued development of the business. A spirits industry veteran, Maurice Doyle brings nearly 30 years of marketing, commercial, and executive leadership experience from within the global alcoholic beverages sector. "I am delighted to be joining Compass Box. It is a brand that I have long admired as a pioneer within Scotch whisky. I have a huge amount of respect for John and what he has achieved," says Doyle. Founded in London in 2000, Compass Box is a reflection of Glaser's personal vision for what the future of whisky making should be. John Glaser was named by Whisky Advocate as one of the "Thirty Innovators Who Shaped Today's Whisky" and one of the only Two alive today. "With Maurice joining me at the helm, we are excited to double-down on our determination to democratise the enjoyment of Scotch whisky, to continue releasing products that reveal the creative art behind blending," says Glaser, who hasdescribed the Compass Box mission as, "fighting…what I call the 'single malt hegemony.'" Cælum investment will be used to strengthen the balance sheet of the Company, acquire inventory, and build production facilities. Cælum will help facilitate the ambition of Compass Box to provide more opportunities to explore, experiment and innovate, with curiosity and creativity as its guiding principles. Manish Rungta, the Managing Partner at Cælum said, "We are excited to partner with Compass Box and it is representative of the innovative and pioneering brands within the beverage category that we would like to invest behind." Metric Point Capital, acted as the exclusive financial advisor and placement agent to Cælum. "We are thankful for the support of the Metric Point team during a very complex process and a crowded North American fundraising market. Metric Point brought highly technical skillsets and a tailored solution for this unique proprietary deal and we ended up being oversubscribed in our fundraising," said Manish Rungta. Corporate Partner Tom Braiden led the team at Brown Rudnick, an international law firm, which acted as exclusive legal advisor to Cælum.
Cælum Capital Limited
Compass Box
Metric Point Capital (Member FINRA and SIPC)
View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005290/en/ |