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Your email address will not be published.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

Fine Wine Sales Administrator

Davy's Wine Merchants
London, UK

Content Manager (Maverick Drinks)

ATOM Supplies
London, UK

Graphic Designer (NPD)

ATOM Supplies
Tunbridge Wells, UK

Press Officer

Speciality Drinks
London, UK

UK Private Clients Manager

Ditton Wine Traders
London, UK

London Business Development Manager

Maisons Marques et Domaines UK Ltd

Head of Buying - Spirits

Enotria&Coe
West London, UK

Liquid Production Supervisor

ATOM Supplies
Tonbridge, Kent, UK

Sales Account Manager – Cotswolds

Haynes Hanson & Clark
Gloucestershire, UK

Communications & PR Manager

Bruichladdich
Islay, UK

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018

Spirited London

London,United Kingdom
15th Mar 2018

Prowein 2018

Dusseldorf,Germany
18th Mar 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more