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New Deal


Announced

Heritage Distilling to go public via merger with Better World Acquisition in a $122m deal.

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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craft spirits

Distillers and Vintners

Acquisition

Domestic

De-SPAC

Private

Merger

Pending

Friendly

United States

distilled spirits

Majority

Reverse Takeover

Single Bidder

Synopsis

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Heritage Distilling, a craft distiller of innovative premium brands, agreed to go public via merger with Better World Acquisition, an ESG-focused special purpose acquisition company, in a $122m deal. "Better World’s commitment was to invest in a differentiated growth business with strong ESG credentials. Heritage exemplifies our commitment to support remarkable leaders building a profitable company with a strong social and environmental mission. While furthering the economic empowerment of Native American communities, Heritage has developed a unique, capital-light business model with recurring revenue. We are excited to collaborate with Heritage and its Tribal Beverage Network to accelerate its future success," Rosemary Ripley, Better World CEO.

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