Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 02 2019

US Based Spirit Maker Sazerac Acquires Stake in John Distilleries

Gaja Capital, which invested about 75 crore in John Distilleries in 2011-2013, has made a fivefold return through the exit.

US based spirit maker Sazerac has completed its two-part acquisition of a significant minority stake in John Distilleries Pvt Ltd (JDPL).

Sazerac has acquired 20% stake that private equity investor Gaja Capital still held at a valuation of 1,000 crore, reported ET.

Gaja Capital founder and managing partner Gopal Jain confirmed the development but declined to disclose details.

Sazerac acquired a 23% stake in John Distilleries from Gaja Capital in October last year, marking its entry into India. Paul John, chairman and managing director at John Distilleries, holds the remaining 57% stake.

Gaja Capital, which invested about 75 crore in John Distilleries in 2011-2013, has made a fivefold return through the exit, added the media report.

Sazerac is the second-largest family-owned spirits company in the US. The group owns brands like Buffalo Trace Bourbon, EH Taylor Bourbon, Fireball, Pappy Van Winkle Bourbon and Southern Comfort.

Comment
image
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities