Wilderness Trail Bourbon News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Campari has raised €1.2 billion by selling new shares as well as debt that can convert into equity to fund its acquisition of Courvoisier.

Italian spirits group Campari has raised €1.2 billion by selling new shares as well as debt that can be converted into equity to fund last month's buy of French...

Wilderness Trail, a premium Kentucky bourbon and rye whiskey distillery, has been acquired by Campari, parent company of Wild Turkey, in a deal with a $600 million valuation.

Campari Group, based in Milan, Italy, has reached an agreement to purchase an initial 70% interest in Wilderness Trail Distillery, and in 2031 the remaining 30% interest, of the outstanding capital of Wilderness Trail Distillery, LLC (the ‘Target’).

Italian-based Campari Group says it will add to its Kentucky bourbon portfolio in a deal to obtain a majority stake in Wilderness Trail Distillery. The deal includes plans for Campari to eventually complete the acquisition. The spirits company already owns Wild Turkey. Campari said Monday it will purchase an initial 70% interest in Wilderness Trail, a bourbon and rye whiskey producer in Danville, Kentucky. Under the deal, Campari will acquire the remaining 30% of Wilderness Trail in 2031. The 70% purchase of Wilderness Trail is valued at $420 million. The total deal for complete ownership is v...