Macdonald Henderson advises on acquisition of Glenallachie Distillery

Macdonald Henderson has advised The Glenallachie Consortium in the signing of an agreement to acquire the Glenallachie Distillery from Pernod Ricard.

The transaction also includes the Glenallachie single malt brand, MacNair’s and White Heather blended scotch brands, and relevant inventories to support future development of those brands.

The consortium is comprised of Billy Walker - one of the most recognisable characters in the Scotch whisky industry, having been involved for over four decades - along with Graham Stevenson and Trisha Savage.

Mr Stevenson, a chartered accountant, said: “We were delighted to engage Macdonald Henderson to advise us on this transaction. Their knowledge and assistance in guiding us through the process was invaluable to us, particularly as matters became ever more complex as the transaction progressed. Their responsiveness and commitment was always excellent, particularly over the crucial period just prior to signing.”

The closing of the transaction is subject to customary conditions and is expected to take place before the end of 2017.

The Glenallachie Consortium was advised in this transaction by Macdonald Henderson (legal) and Grant Thornton (accountancy and tax). VI Pensions advised on pensions and Lawrie IP on intellectual property.

Pernod Ricard was advised in this transaction by Fluxion Advisors Limited and Shepherd and Wedderburn LLP.