• Skip to primary navigation
  • Skip to main content
Hillhouse

Hillhouse

Hillhouse builds businesses that stand the test of time

  • About
    • Strategy
    • Team
    • Contact Us
  • Company Spotlight
  • News & Insights

Hillhouse Announces Acquisition of Loch Lomond Group

Posted in Updates on

Deal marks a major step in whisky maker’s international expansion
Loch Lomond’s management joins buyout group

June 6, 2019

ALEXANDRIA, Scotland — Hillhouse Capital Management, a global investment firm with a focus on innovative businesses in growth industries, today announced that it is partnering with the management team from Loch Lomond, one of Scotland’s most historic and iconic whisky producers, to acquire Loch Lomond Group from Exponent Private Equity.

Since the original buyout of Loch Lomond from the Bulloch family in 2014, the company has invested significantly in growing its portfolio of brands, distillery and bottling infrastructure, global distribution platform, and management team. The business now generates about 70% of its revenue from more than 100 international markets, versus less than 10% at acquisition.

Teaming up with Hillhouse offers a strong partner for the business to further develop its international presence, particularly in Asia where whisky has become increasingly popular in recent years, and a market where Hillhouse has deep knowledge and strong business relationships. Hillhouse also brings to the partnership a strong track record of building long-term relationships with innovative consumer brands, such as Peet’s Coffee and Gimborn, in helping them expand their global presence and reputation.

Loch Lomond has a rich heritage dating back to the early 19th century and is a leading international producer of malt, blended and grain whisky. Its key premium Scotch whisky brands include Loch Lomond – “The Spirit of the Open,” Glen Scotia, and Littlemill, the oldest licensed distillery in Scotland. It also produces the “High Commissioner” and Loch Lomond blended Scotch whiskies, as well as Glen’s Vodka, the No. 2 vodka brand in the UK market, and Ben Lomond, premium Scottish Gin.

The company’s production spans sites across Scotland. It operates its Loch Lomond malt and grain distilleries at Alexandria in Dunbartonshire, Glen Scotia distillery in Campbeltown, Argyll and has its own bottling plant in Catrine, Ayrshire.

Commenting on the sale, Colin Matthews, CEO of Loch Lomond Group, said, “Over the past five years we are proud to have transformed The Loch Lomond Group into a premium international spirits business with a strong focus on innovation and a portfolio of award-winning brands.

“We believe now is the right time to move forward into the next stage of our growth strategy as we look to innovate further, extend our portfolio of brands and continue to expand our international presence, particularly in Asia where Hillhouse has significant experience.

“The team at Hillhouse have impressed us immensely, and we look forward to partnering with them as we embark on the next exciting stage of our journey. We share both their vision and dedication to premium consumer brands.”

Wei Cao, Partner at Hillhouse, commented, “Loch Lomond’s rich heritage in Scotch whisky gives the business a distinct advantage as they look to further build on their success across the world, especially in the increasingly discerning Asian spirits market. Hillhouse’s experienced operational team will work closely with Loch Lomond’s management to help it offer a premium consumer experience in international markets through channels like e-commerce and new retail. We believe that the strongest advantages in business are innovative and differentiated products and management teams, which is why we are so excited to help Loch Lomond realize the potential of its outstanding brands in huge new consumer markets, such as Asia.”

Filed Under: Updates Tagged With: Beverage, Consumer Brands, Retail

Copyright © 2023 Hillhouse • Terms of Use

  • LinkedIn
  • Instagram
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT