Stock Spirits: Difference between revisions
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'''Stock Spirits Group''', which has its origins in a company founded in 1884 in Trieste, Italy, is among the largest alcohol beverage companies in Europe. As of November 2022 Stock Spirits Group was owned by the private equity business, CVC |
'''Stock Spirits Group''', which has its origins in a company founded in 1884 in Trieste, Italy, is among the largest alcohol beverage companies in Europe. As of November 2022 Stock Spirits Group was owned by the private equity business, CVC Capital Partners.<ref>{{Cite web |title=CVC funds to buy European vodka maker Stock Spirits for $1 bln |url=https://www.reuters.com/business/retail-consumer/cvc-funds-buy-european-vodka-maker-stock-spirits-1-bln-2021-08-12/ |access-date=March 15, 2023 |website=Reuters.com}}</ref> |
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==History== |
==History== |
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In 2007 [[Oaktree Capital Management]] acquired Polmos Lublin in 2006 and merged it with Eckes & Stock, to create Stock Spirits Group in 2008.<ref>{{cite web|url=http://www.cityam.com/article/1397001936/stock-spirits-largest-shareholder-oaktree-exits-200m-sell|title=Stock Spirits' largest shareholder Oaktree exits in £200m sell-off|publisher=City AM|date=9 April 2014|accessdate=7 August 2014}}</ref> The company was the subject of an [[initial public offering]] in October 2013.<ref>{{cite web|url=https://www.bloomberg.com/news/2013-10-08/stock-spirits-to-be-valued-at-maximum-of-835-million-in-ipo.html|title=Stock Spirits to Be Valued at Maximum of $835 Million in IPO|publisher=Bloomberg|date=8 October 2013|accessdate=7 August 2014}}</ref> |
In 2007 [[Oaktree Capital Management]] acquired Polmos Lublin in 2006 and merged it with Eckes & Stock, to create Stock Spirits Group in 2008.<ref>{{cite web|url=http://www.cityam.com/article/1397001936/stock-spirits-largest-shareholder-oaktree-exits-200m-sell|title=Stock Spirits' largest shareholder Oaktree exits in £200m sell-off|publisher=City AM|date=9 April 2014|accessdate=7 August 2014}}</ref> The company was the subject of an [[initial public offering]] in October 2013.<ref>{{cite web|url=https://www.bloomberg.com/news/2013-10-08/stock-spirits-to-be-valued-at-maximum-of-835-million-in-ipo.html|title=Stock Spirits to Be Valued at Maximum of $835 Million in IPO|publisher=Bloomberg|date=8 October 2013|accessdate=7 August 2014}}</ref> |
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On 12 August 2021, Stock Spirits' board of directors accepted a £767 million takeover bid by private equity firm CVC |
On 12 August 2021, Stock Spirits' board of directors accepted a £767 million takeover bid by private equity firm CVC Capital Partners, whereby shareholders would receive 377p per share.<ref>{{Cite news|date=12 August 2021|title=Stock Spirits accepts £767m takeover approach from CVC|work=The Independent|url=https://www.independent.co.uk/business/stock-spirits-accepts-ps767m-takeover-approach-from-cvc-b1901261.html |archive-url=https://ghostarchive.org/archive/20220525/https://www.independent.co.uk/business/stock-spirits-accepts-ps767m-takeover-approach-from-cvc-b1901261.html |archive-date=2022-05-25 |url-access=subscription |url-status=live}}</ref> The deal was completed in November 2021.<ref>{{cite news|url=https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/deal-wrap-cvc-buys-stock-spirits-777-targets-british-basketball-league-stake-67847182 |title=Deal Wrap: CVC buys Stock Spirits; 777 targets British Basketball League stake|newspaper=S&P Global|date=29 November 2021|access-date=16 March 2023}}</ref> |
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==Operations== |
==Operations== |
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Revision as of 09:39, 29 March 2023
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| Company type | Privately held company |
|---|---|
| Industry | Beverage |
| Founded | 1884 |
| Headquarters | Warsaw, Poland |
Key people | Jean-Christophe Coutures, CEO[1] |
| Revenue | 274,601,000 Euro (2017)  |
| 29,881,000 Euro (2017) | |
| 11,329,000 Euro (2017) | |
| Total assets | 682,825,000 Euro (2017) |
Number of employees | 1120 (2020)[2] |
| Website | www.stockspirits.com/ |
Stock Spirits Group, which has its origins in a company founded in 1884 in Trieste, Italy, is among the largest alcohol beverage companies in Europe. As of November 2022 Stock Spirits Group was owned by the private equity business, CVC Capital Partners.[3]
History
Stock history
In 1884 Lionello Stock and his partner Carlo Camis founded the steam wine distillery "Distilleria a vapore Camis & Stock". His company's main product was cognac "Medicinal", which competed with French alternatives in the Austro-Hungarian monarchy and German Empire territory. By the 1920s the Stock company was one of the largest companies of its kind in Europe. In 1920, after Austro-Hungarian monarchy collapsed, Stock bought a distillery factory at Plzeň Božkov (in the then Czechoslovakia). Stock eventually came to own a network of distilleries, bottling plants and ageing facilities in Italy, Austria, Poland, Hungary and Croatia. He also expanded business and established an outpost in New York City, United States.[4]
Stock Spirits Group
In 2007 Oaktree Capital Management acquired Polmos Lublin in 2006 and merged it with Eckes & Stock, to create Stock Spirits Group in 2008.[5] The company was the subject of an initial public offering in October 2013.[6]
On 12 August 2021, Stock Spirits' board of directors accepted a £767 million takeover bid by private equity firm CVC Capital Partners, whereby shareholders would receive 377p per share.[7] The deal was completed in November 2021.[8]
Operations
The company has a portfolio of more than 70 brands, present in over 50 countries worldwide including the US and Canada.[9]
References
- ^ "Group at glance". www.stockspirits.com. Retrieved March 17, 2023.
- ^ "Group leadership team". www.stockspirits.com. Retrieved March 15, 2023.
- ^ "CVC funds to buy European vodka maker Stock Spirits for $1 bln". Reuters.com. Retrieved March 15, 2023.
- ^ "Wine Talk: Remember brandy". www.jpost.com. Retrieved March 28, 2023.
- ^ "Stock Spirits' largest shareholder Oaktree exits in £200m sell-off". City AM. 9 April 2014. Retrieved 7 August 2014.
- ^ "Stock Spirits to Be Valued at Maximum of $835 Million in IPO". Bloomberg. 8 October 2013. Retrieved 7 August 2014.
- ^ "Stock Spirits accepts £767m takeover approach from CVC". The Independent. 12 August 2021. Archived from the original on 2022-05-25.
- ^ "Deal Wrap: CVC buys Stock Spirits; 777 targets British Basketball League stake". S&P Global. 29 November 2021. Retrieved 16 March 2023.
- ^ "Stock Spirits agrees £767m takeover by private equity firm CVC". thetimes.co.uk. Retrieved March 15, 2023.
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