Kaye Scholer Advises The Cooper Spirits Company on Acquisition of St-Germain by Bacardi
New York—Kaye Scholer advised The Cooper Spirits Company, maker of the world’s first artisanal elderflower liqueur St-Germain, in that product’s acquisition by the world’s largest privately held spirits company, Bacardi. Terms of the transaction were not disclosed.
“Cooper Spirits chose to work with Kaye Scholer on this acquisition because of the firm’s significant experience in representing owner/entrepreneurs, as well as its sharp focus in the area of branded consumer products and luxury goods," said Robert Cooper, creator of St-Germain and President of The Cooper Spirits Company. "In addition, Steve Koval, the lead partner on the project, is a brilliant attorney, and was not only able to guide us through the block and tackle elements, but also served as sounding board, and confidant during the toughest aspects of the negotiation. Raul Moreno, who was on point, was relentless, and always had our best interests at heart. He is super sharp, and extremely hard working."
Kaye Scholer has advised many clients in the wine and spirits industry on M&A matters. Members of the firm’s deal team on the St-Germain matter included Corporate Partner Stephen Koval, along with Tax Partners Laurie Abramowitz and Jeff London, Counsel Mary Lou Zwick (Tax), Peter Danias (Corporate) and Charles Kao (Corporate), and Corporate Associates Raul Moreno, Stephen Sandiford, Damian Caputo and Connie Ericson.
Kaye Scholer's Corporate department combines a full-service transactional practice with proactive, strategic business counseling. Both public and private US, European, Canadian and other international clients turn to us for focused senior-level attention on their most important matters, particularly when it comes to complex M&A, private equity, investment funds and life sciences transactions. US News & World Report-Best Lawyers consistently recognizes Kaye Scholer’s 85-member Corporate department for its premier Private Equity practice.
The world’s first elderflower liqueur, super-premium St-Germain is made in the artisanal French manner from 100% fresh hand selected elderflower blossoms that are picked once a year during a four-to-six week period in late spring. St-Germain packaging reflects the artisanal nature of the liqueur and its proud French roots. The monolithic eight sided bottle was created as homage to the vibrant Art Deco and Belle Époque periods in St. Germain des Prés. Each bottle is finished with a heavy stopper, decorated with a cloisonné enameled “coin” and individually numbered and marked with the vintage year. The vintage year, which is based upon the annual seasonal elderflower harvest, is a unique and revolutionary concept in the liqueur category. The vintage year dating corroborates the artisanal nature of the product, and allows for special appreciation by wine connoisseurs and sommeliers. http://www.stgermain.fr/