The deal was completed in conjunction with another acquisition of a gin distiller
Lion has acquired a minority stake in premium spirits distributor with the help of two firms.
King & Wood Mallesons (KWM) acted for the drinks giant, which purchased a stake in Vanguard Luxury Brands for an unspecified amount.
Russell Kennedy Aitken Lawyers acted for Vanguard, with a team headed by senior associate Kate Littlewood. She was assisted by principals Andrew Aitken and Rohan Harris.
The minority-stake acquisition was completed in conjunction with Lion’s 50% acquisition of Four Pillars Gin. Vanguard has been the distributor of Four Pillars since its launch in 2013.
The deal is a logical next step for Vanguard, said James France, founder and managing director. The investment supports the company in providing the best brands to bars and retailers, he said.
James Brindley, Lion managing director, said France is well respected in the premium spirits industry not only in Australia, but around the world.