European private equity firm Equistone has bought up a majority stake in high-end spirit distributor Dugas Company.
The amount of the investment has not been revealed, but the buyout house typically deploys between €25m and €125m per deal.
Dugas is a Paris-based spirits distributor led by founder François-Xavier Dugas. It serves a number of international rum brands such as Don Papa, Botran, and a number of whisky labels.
Equistone’s investment will enable the business to continue scaling and realise its growth plans.
As part of the deal, Chevrillon and Dugas will retain a stake in the business.
Dugas said, “Working with all different distribution channels, the Dugas Company is today proud of its unique business model of constructing and developing international brands, as well as brands with strong potential in the French market.
“Equistone’s investment will provide us with the financial support and experience in scaling businesses to realise our ambitious growth plans.”
The deal comes at a particularly active time for the firm. Earlier this month AltAssets reported that Equistone had acquired two German prefabricated home manufacturers to drive growth.
Weeks before, it bought up a majority stake in UK-based BFT Mastclimbing.
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