M&A Features

Diageo takes a shot at George Clooney’s tequila company

Alcoholic beverages producer Diageo is acquiring Casamigos Tequila for up to USD 1,000 million as it seeks to expand further in the fast-growing tequila sector. This will add to Diageo’s portfolio of luxury tequila brands, which currently include Don Julio, DeLeon and Peligroso. The consideration covers an earn-out payment of USD 300 million based on the target’s performance over the next 10 years.