Whyte & Mackay for sale at expected £450m

India’s United Spirits has hired a trio of banks to oversee the sale of its Scotch whisky company Whyte & Mackay, which is expected to fetch up to £450m.

The inclusion of single malt Dalmore in the Whyte & Mackay sale could push it over the £450m mark

Investment banks Rothschild, Rabobank and Standard Chartered have been appointed to handle the sale, which, Reuters reports, is expected to start next week.

The sale is taking place in order to appease concerns raised by UK competition regulators after drinks giant Diageo bought a 28.8% controlling stake in United Spirits last July.

According to Reuters, potential buyers, including private equity firms and drinks companies, were contacted at the end of last week to gauge their interest.

United Spirits’ owner, Vijay Mallya

Companies who may be keen to buy include rival drinks giants Pernod Ricard, Remy Cointreau and Campari.

The Telegraph reports that Whyte and Mackay’s former owner, South African drinks tycoon Vivian Imerman, known as “the man from Del Monte”, could be interested in buying back the company to add to his spirits and beer business.

Imerman sold Whyte & Mackay to United Spirits in 2007 for £595.

Bidders are being allowed include offers for the jewel in Whyte & Mackay’s crown – Scotch single malt brand Dalmore, known for its stag’s head logo.

The inclusion of Dalmore in the sale would likely tip it over the £450m mark.

Whyte & Mackay owns a 7% share of the UK blended Scotch whisky market, while Diageo, which owns the Johnnie Walker brand, has around a 20% of the blended market.

In addition to its own label, Whyte & Mackay, which was founded in 1884, produces Scotch for supermarket own labels. United Spirits is owned by flamboyant Indian tycoon Vijay Mallya.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales Executive

Elixir Distillers
Home or Office based with International Travel, UK

London Sales Account Manager

Negociants UK Ltd
London, UK

Awards Wine Checker

Decanter
Paddock Wood, Kent, GB

Customer Service Advisor

Amathus Drinks
Park Royal, London, UK

Sales Manager

James Eadie Ltd
London, UK

Wine Ambassador Role

Ramón Bilbao UK
London, UK

Fine Wine Logistics Coordinator

IG Wines
London, UK

Sales Manager

Top Selection
London, UK

Assistant Retail Manager

The Whisky Exchange
London, UK

Marketing Manager

Ellis Wines
Hanworth, Middx, GB

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018
Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more