Diageo plc (LSE:DGE) acquired Balcones Distilling, LL on November 2, 2022. The acquisition has been funded through existing cash resources. Russell Leaf, Jeffrey Daniel and Dvir Oren of Willkie Farr & Gallagher LLP acted as legal advisors to Balcones Distilling, LLC. Jon Morris of Morgan, Lewis & Bockius LLP acted as legal advisor to Diageo. UBS Group AG acted as financial advisor to Balcones Distilling.

Diageo plc (LSE:DGE) completed the acquisition of Balcones Distilling, LL for approximately $100 million on November 2, 2022.