Sazerac acquired an equity stake in the popular Indian whisky company John Distilleries Private Limited (“JDPL”), the companies jointly announced today.
JDPL had FY17 gross revenues of over INR 28 billion in FY17. With sales of more than 13 million cases, JDPL’s portfolio includes Original Choice Whisky, the seventh largest selling whisky in the world, Bangalore Malt, the fastest growing millionaire brand in the world, Paul John Single Malt (PJSM), an award winning super premium whisky, and Big Banyan wines, one of India’s leading premium wine brands, the companies said.
Sazerac does not disclose its sales, but it owns some of the hottest brands in American whiskey. This is a great fit for both sides.
Jefferies India acted as the exclusive financial advisor to Gaja Capital and Sazerac was advised by Rabobank.