Lucas Bols N.V. (ENXTAM:BOLS) agreed to acquire Partida Tequila from Shansby Trust and Edrington USA, Inc. on December 9, 2021. Under the intended acquisition Lucas Bols will acquire a 100% interest in Tequila Partida LLC in the United States and its Mexican subsidiaries Casa Partida and Tequila Partida de Mexico. The purchase price consists of a fixed component of $10 million and a smaller variable component which can be earned over a two-year period commencing on April 1, 2022 and is determined with reference to specific growth targets. Partida Tequila will be acquired debt free and with healthy levels of working capital, including inventories of raw materials, aging products and finished products. In addition, all brands, trademarks and other intellectual property will be acquired as part of transaction. Lucas Bols intends to finance the purchase price of the acquisition, including a fixed and variable component, by means of an equity issue. Major shareholders of Lucas Bols have committed to participate in the intended equity issue to finance the acquisition. Clifford Chance advised ABN AMRO Bank N.V. and Coöperatieve Rabobank U.A. as Joint Global Coordinators and Joint Bookrunners on $32.862265 capital raise of Lucas Bols, through an accelerated bookbuild offering of 2,495,458 new shares, the net proceeds will be used to finance the acquisition. Tequila Partida founder Gary Shansby will stay involved to ensure a smooth transition. A dedicated local team will continue to run the operation in Mexico under the leadership of Managing Director and Maestro Tequilero José Valdez. Subject to relevant transaction documentation (including without limitation the purchase agreement) being finalized and entered into, the intended acquisition is expected to close in the first quarter of the 2022 calendar year, with an effective date of January 1, 2022.

Lucas Bols N.V. (ENXTAM:BOLS) completed the acquisition of Partida Tequila from Shansby Trust and Edrington USA, Inc. on February 4, 2022.