Hillhouse Capital Management, a global investment firm with a focus on innovative businesses in growth industries, has announced that it is partnering with the management team from Loch Lomond, one of Scotland’s most historic and iconic whisky producers, to acquire Loch Lomond Group from Exponent Private Equity.
Loch Lomond has a rich heritage dating back to the early 19 th century and is a leading international producer of malt, blended and grain whisky.
Since the original buyout of Loch Lomond from the Bulloch family in 2014, the Exponent Private Equity has invested significantly in growing its portfolio of brands, distillery and bottling infrastructure, global distribution platform, and management team. The business now generates about 70 percent of its revenue from more than 100 international markets, versus less than 10 percent at the time of acquisition.
Teaming up with Hillhouse offers a strong partner for the business to further develop its international presence, particularly in Asia where whisky has become increasingly popular in recent years, and a market where Hillhouse has deep knowledge and strong business relationships. Hillhouse also brings to the partnership a strong track record of building long-term relationships with innovative consumer brands, such as Peet’s Coffee and Gimborn, in helping them expand their global presence and reputation.
Financial terms of the deal were not disclosed.