Cælum Capital Limited, a specialist investor focused on premium beverage businesses, has announced the acquisition of a majority stake in Compass Box Delicious Whisky Limited, a London-based premium Scotch whisky brand.
Cælum has brought in Maurice Doyle as the new chief executive of Compass Box to partner with the founder, John Glaser, in the continued development of the business.
A spirits industry veteran, Doyle brings nearly 30 years of marketing, commercial, and executive leadership experience from within the global alcoholic beverages sector.
“I am delighted to be joining Compass Box. It is a brand that I have long admired as a pioneer within Scotch whisky. I have a huge amount of respect for John and what he has achieved,” Doyle said.
Founded in London in 2000, Compass Box is a reflection of Glaser’s personal vision for what the future of whisky making should be.
“With Maurice joining me at the helm, we are excited to double-down on our determination to democratise the enjoyment of Scotch whisky, to continue releasing products that reveal the creative art behind blending” said Glaser, who has described the Compass Box mission as, “fighting…what I call the ‘single malt hegemony.’”
Cælum investment will be used to strengthen the balance sheet of the company, acquire inventory, and build production facilities. Based in London, Cælum was set up by Manish Rungta, an ex-Diageo executive with a background in private equity.
Rungta said: “We are excited to partner with Compass Box and it is representative of the innovative and pioneering brands within the beverage category that we would like to invest behind.”
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