Sale of majority equity stake in joint venture
Our attorneys advised ultra premium tequila brand Avion Tequila in its agreement to sell a majority stake in the Avion Spirits LLC joint venture to Pernod Ricard USA.
Our attorneys also represented Avion Tequila in its 2011 transaction with Pernod Ricard USA, that created the Avion Spirits LLC joint venture, in which Pernod Ricard USA previously held a minority stake. Since its launch in 2010, the Avion Tequila brand has grown tremendously and has become recognized in the spirits industry as a leading ultra-premium tequila.
“As we grow our successful relationship with Pernod Ricard USA, we continue also to build upon another valuable partnership with our law firm, which has represented us since our inception and which over the years has helped us to position ourselves strategically and confidently in such transactions,” said Ken Austin, Founder and Chairman of Avion Tequila.
In 2013, the firm advised the Cooper Spirits Company on the acquisition of St.-Germain by Bacardi. The firm also previously handled the sale of Grey Goose to Bacardi for client Sidney Frank Importing, in addition to handling other matters in the beverages and spirits space.