London-based Cælum Capital Limited invests in a pioneering Scotch whisky business - Compass Box
Compass Box (Photo: Business Wire)
Caelum was founded by Manish Rungta, a former Diageo executive with extensive private equity experience. Cælum has appointed Maurice Doyle as the new CEO of Compass Box, to work in partnership with its founder, John Glaser, and oversee the continued development of its business. A spirits industry veteran, Maurice Doyle brings nearly 30 years of marketing, business and executive leadership experience in the global alcoholic beverage industry. "I'm thrilled to join Compass Box. It is a brand I have long admired as a pioneer in the Scotch whisky industry. I have tremendous respect for John and what he has accomplished," said Doyle.
Founded in London in 2000, Compass Box is a reflection of Mr. Glaser's personal vision for the future of whisky making. John Glaser was named by Whisky Advocate as one of the "thirty innovators to shape whisky today" and is one of only two still alive today. "The arrival of Maurice at the helm, alongside me, encourages us to redouble our determination to democratize the enjoyment of Scotch whisky and continue to launch new products that reveal the creative technique behind blending," said Glaser, who described Compass Box's mission as a "fight... against what I call 'the hegemony of single malt.'"
Cælum's investments will be used to strengthen the Company's balance sheet, acquire inventory and build production facilities. Caelum will help promote Compass Box's ambition to provide more opportunities to explore, experiment and innovate, with curiosity and creativity as guiding principles. Manish Rungta, Managing Partner at Cælum, said, "We are particularly excited to partner with Compass Box, which perfectly represents the innovative and pioneering brands in the beverage category our investments are targeting."
Metric Point Capital acted as Caelum's exclusive financial advisor and placement agent. "We are grateful to the Metric Point team for their support during this particularly complex process and in the crowded North American private equity market. Metric Point provided eminent technical expertise and a tailored solution for this unique proprietary transaction, and our fundraising was ultimately oversubscribed," said Manish Rungta.
Business partner Tom Braiden led the team at Brown Rudnick, an international law firm that acted as exclusive legal advisor to Caelum.
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in French can be found here.
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