The acquired entity is the owner of Copper Dog, a blended Scotch whisky which launched in 2016. Diageo was originally the exclusive supplier to and a minority shareholder in the brand as part of its partnership with Piers Adam, the bar and restaurant entrepreneur.
Bottled at 40% abv, the whisky combines eight Speyside single malts. The name Copper Dog comes from an old device made from copper tubing with a penny soldered to one end and cork in the other, which was used by distillery workers to smuggle whisky home. It is also the name of the bar at the Craigellachie Hotel, Speyside, which has acted as the brand home since launch.
Partner, Miranda Cass and Senior Associate, Julia Cockcroft also advised Diageo on the tax aspects of this transaction whilst Senior Associate, Ellen Lambrix and Associate, Alex Harmer advised Diageo on the commercial and IP aspects of its acquisition.