Davide Campari-Milano N.V. (BIT:CPR) acquired 15% stake in Wooler Brands, Inc. from Catalyst Spirits for $15 million on August 22, 2022. Campari Group agreed to pay $15 million in cash in the first stage of path to total ownership, for a 15% interest in the brand. Campari Group can acquire 100% of Howler Head through customary call options based on the future brand results achievements, which can be exercised starting from 2025. In connection with the transaction, Latham & Watkins LLP acted as legal advisor to UFC, Pillsbury Winthrop Shaw Pittman LLP acted as legal advisor to Catalyst Spirits and Wilk Auslander LLP acted as legal advisor to Campari Group.
Davide Campari-Milano N.V. (BIT:CPR) completed the acquisition of 15% stake in Wooler Brands, Inc. from Catalyst Spirits on August 22, 2022.