Lakes Distillery backs multimillion-pound takeover approach from London group
The Lakes Distillery has announced a recommended takeover deal that values its share capital at £46.1m.
This implies an Enterprise Value of £71m for the business, based in The Lake District National Park, based on The Lakes directors' expectation for net financial debt as at May 31, 2024, which comprises £25.8m of financial debt and associated make whole payments, less £900,000 of cash and cash equivalents.
London-based Nyetimber Wines and Spirits Group, which has a vineyard in West Chiltington, West Sussex, is behind the ac... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
