Nolet announced its all-cash offer for Lucas Bols

09 Oct Nolet announced its all-cash offer for Lucas Bols

Nolet, through its affiliate HollandsGlorie B.V., and Lucas Bols have reached conditional agreement on an intended recommended public offer by HollandsGlorie B.V. for all issued and outstanding shares in the capital of Lucas Bols of EUR 18 (cum dividend) in cash per Share, representing a total value of approximately EUR 269.5 million for 100% of the Shares.

The Consideration represents a premium of 76% to Lucas Bols’s closing share price on 6 October 2023, 73% premium to the 3-month and 72% premium to the 6-month volume weighted average closing share price prior to this announcement, delivering immediate, attractive and certain value to the shareholders of Lucas Bols.

The Nolet Group has been a shareholder of Lucas Bols since its listing and already holds approximately 29.9% of the Shares.
Carel Nolet, Chair of Nolet Group: “As a family, we are extremely pleased to bring two of the most successful Dutch distilleries together. By combining forces, we are jointly continuing our rich history and thereby preserving valuable heritage under one Dutch flag for the long term.”

Huub van Doorne, CEO of Lucas Bols: “Since 2006, when we brought back Lucas Bols to Amsterdam, we have been on a journey to grow the Company and its brands in the international cocktail markets. Nolet as a partner is the right next step to continue this journey and accelerate long-term growth.”

The Transaction is subject to customary pre-offer conditions and offer conditions.

About Nolet distillery

Since its establishment in 1691, Nolet Family Distillery has been continuously owned by the Nolet family. It is one of the oldest family businesses in the Netherlands, with a rich heritage. The Nolet family business has been making excellent spirits with traditional methods using state-of-the-art technology. His Majesty the King has granted the company the right to use the ‘Royal’ designation.

About Lucas Bols

The Lucas Bols Company is a leading global cocktail and spirits player in the worldwide cocktail market and one of the oldest Dutch companies still active. Lucas Bols’ mission is to create great cocktail experiences around the globe. The Lucas Bols Company is active in over 110 countries worldwide with a portfolio of three global cocktail brands and more than 20 international and regional liqueurs and spirits.