Lion’s Acquisition of Fermentum

Lion's Acquisition of Fermentum

Gilbert + Tobin has advised Australian beer company Fermentum on its proposed acquisition by Lion, assisted by King & Wood Mallesons.

Lion has acquired Fermentum, the parent company of Stone & Wood Brewing, Two Birds and Fixation.

The acquisition will see Stone & Wood join Lion’s growing portfolio of craft brands which also includes Little Creatures and New Belgium Brewing in beer as well as distillers Four Pillars and Luxury Spirits.

The acquisition price for Fermentum was not disclosed by Lion, but the it is said to be worth more than $500 million.

The deal is subject to regulatory approvals, the process for which has already commenced.

The Fermentum Group was founded in Byron Bay in 2008 by Jamie Cook, Brad Rogers and Ross Jurisich and owns the Byron Bay headquartered beer brand Stone & Wood (with its flagship Original Pacific Ale and Green Coast Lager products) and Melbourne’s Two Birds Brewing, seltzer brand Sunly, and Fixation Brewing, among others.

G+T’s market-leading M&A team was led by Partner Tim Gordon (Picture) together with lawyers Sam Jaffray and Emily Fanning.  Competition + Regulatory Partner Charles Coorey and lawyer Zoe Hodgins are advising on regulatory aspects of the transaction. 

The KWM team was led by M&A Partner Meredith Paynter and M&A Senior Associate Mark Vanderneut, with key support from a range of colleagues including Partners Sharon Henrick, Scott Bouvier, Malcolm Brennan and Max Allan; and lawyers Christopher Kok, Mandy Tsang, Rebecca Stanley, Astrid Sugden, and Lenny Andreev.

Richard Ballinger and Saira Zaki led the Lion’s internal legal deal team. 

Involved fees earner: Charles Coorey – Gilbert + Tobin; Emily Fanning – Gilbert + Tobin; Tim Gordon – Gilbert + Tobin; Zoe Hodgins – Gilbert + Tobin; Sam Jaffray – Gilbert + Tobin; Max Allan – King & Wood Mallesons; Lenny Andreev – King & Wood Mallesons; Scott Bouvier – King & Wood Mallesons; Malcolm Brennan – King & Wood Mallesons; Sharon Henrick – King & Wood Mallesons; Christopher Kok – King & Wood Mallesons; Meredith Paynter – King & Wood Mallesons; Rebecca Stanley – King & Wood Mallesons; Astrid Sugden – King & Wood Mallesons; Mandy Tsang – King & Wood Mallesons; Mark Vanderneut – King & Wood Mallesons;

Law Firms: Gilbert + Tobin; King & Wood Mallesons;

Clients: Fermentum Group; Lion Pty Ltd;

Author: Sonia Carcano