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New Deal


Announced

Completed

Campari Group completed the acquisition of Picon from Diageo for $125m.

Financials

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Transaction Value£100m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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beverage brands

United Kingdom

Soft Drinks

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Campari Group, a premium spirits distiller, completed the acquisition of Picon, a beverage brand, from Diageo, a producer of spirits and beers, for $125m. With the acquisition of Picon brand, Campari Group aims to further enlarge its brand offering in its core bitter aperitifs category in international markets and increase its critical mass in France and Benelux.

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