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Macdonald Henderson Advises on Acquisition of Glenallachie Distillery - 18th July 2017 - Click for larger version Macdonald Henderson Advises on Acquisition of Glenallachie Distillery - 18th July 2017

Macdonald Henderson is pleased to note its role in advising The Glenallachie Consortium (comprised of Mr Billy Walker, Mr Graham Stevenson and Ms Trisha Savage) in the signing of an agreement to acquire the Glenallachie Distillery from Pernod Ricard.

The transaction also includes the Glenallachie single malt brand, MacNair’s and White Heather blended scotch brands, and relevant inventories to support future development of those brands.

Billy Walker is one of the most recognisable characters in the Scotch whisky industry, having now been involved in the industry for over 40 years. With a degree in chemistry Billy has been involved in most aspects of the production of Scotch whisky, having spent time at Ballantines, Inver House Distillers and Burn Stewart. More recently he was instrumental in establishing and building the BenRiach Distillery Company prior to its sale in 2016.

Graham Stevenson is a Chartered Accountant who has spent almost 30 years in the Scotch whisky industry. He initially joined the North British Distillery Company in Edinburgh before moving to Inver House Distillers in 1994. He has remained there for the past 23 years, most of that time as managing director.

Trisha Savage has over 30 years’ experience in the Scotch whisky industry. Starting at Burn Stewart she has worked closely with Billy throughout her career and was also instrumental in establishing and building the BenRiach Distillery Company.

On the role played by Macdonald Henderson to date, Mr Graham Stevenson commented:

“We were delighted to engage Macdonald Henderson to advise us on this transaction. Their knowledge and assistance in guiding us through the process was invaluable to us, particularly as matters became ever more complex as the transaction progressed. Their responsiveness and commitment was always excellent, particularly over the crucial period just prior to signing.”

The closing of the transaction is subject to customary conditions and is expected to take place before the end of 2017.

Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of € 8,682 million in 2015/16. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions.

The Glenallachie Consortium was advised in this transaction by Macdonald Henderson (legal) and Grant Thornton (accountancy and tax). VI Pensions advised on pensions and Lawrie IP advised on intellectual property.

Pernod Ricard was advised in this transaction by Fluxion Advisors Limited and Shepherd and Wedderburn LLP.

Last updated: 9.25am, Tuesday 18th July 2017

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