Merchant Bank Takes Majority Stake in Casa Dragones Tequila

New York-based Casa Dragones tequila has sold a majority stake to merchant bank BDT Capital Partners, marking the bank's first investment in the spirits category. The investment will be used to continue the company's growth, expand its R&D efforts and advance its production process, per a release. Terms of the deal were not disclosed."We believe our investment in the company represents an opportunity to partner with a visionary founder in an attractive industry and category," says BDT chairman and ceo