Apax Funds to Acquire Controlling Stake in Ole Smoky Distillery from Centerview Capital
February 11, 2022
Funds advised by Apax Partners LLP agreed to acquire a controlling stake in Ole Smoky Distillery from Centerview Capital, with founders Joe Baker, Cory Cottongim and management remaining significant shareholders. Apax said it will work with management to accelerate growth, invest in the core brand and support strategic acquisitions; the company (headquartered in Gatlinburg, Tennessee) sold over 1 million 9L cases in 2021 and operates four distilleries visited by millions annually.
- Buyers
- Apax Partners LLP
- Targets
- Ole Smoky Distillery
- Sellers
- Centerview Capital
- Industry
- Food & Beverage
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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