Oaktree Capital Management is preparing to divest itself of Stock Spirits, the Central European alcoholic beverage producer. Although Oaktree appears to be planning for auction, the company has not specifically indicated that selling Stock Spirits to another private equity investor is definitely the plan. Oaktree appears to also be considering an initial public offering if no buyers step up.
Credit Suisse has been retained as an advisor to help guide Oaktree to a successful exit.
Stock Spirits Group (www.stockspiritsgroup.com)
Stock Spirits Group is a holding company which brings together Central Europe’s leading producers of spirits and alcoholic beverages. Stock 84, Czysta de Luxe, and Wódka Żołądkowa Gorzka are among the well-known products distributed by the company.
Stock Spirits group includes operations in the Czech Republic, Bosnia-Herzegovina, Croatia, Italy, Poland, Slovakia, Slovenia, and the U.S. The company’s stated goal is to become central Europe’s largest spirits producer with a leading market presence in all the areas they serve.
The company is currently valued at approximately USD 1 billion.
Oaktree Capital Management (www.oaktreecapital.com)
Oaktree Capital Management is an alternative asset manager with operations in the US, China, Hong Kong, Japan, South Korea, the U.K., and Germany. Oaktree manages investments for other institutional investors and is active in real estate, private equity, mezzanine investments, high-yield bonds, and more.
At present, the company manages more than USD 78 billion in total assets