Diageo Acquires Davos Brands, Including Aviation Gin, for $610 Million

Dear Client: Diageo announced today it has reached an agreement to acquire Aviation American Gin through the acquisition of Aviation Gin LLC and Davos Brands LLC for up to $610 million, per a release.  Also included in the acquisition of Davos Brands is Astral Tequila, Sombra Mezcal and TYKU Sake brands. The agreement includes an initial payment of $335 million and a further potential consideration of up to $275 million based on the performance of Aviation Gin over a 10-year period. In 2019,