Specialist investor Cælum Capital Limited recently acquired a majority stake in London’s Compass Box, one of the top trending brands in Scotch.
A prepared statement from the investor explained that Cælum was set up by Manish Rungta, an ex-Diageo executive with a background in private equity. And Cælum recently brought in Maurice Doyle as the new CEO of Compass Box to partner with Founder John Glaser in the continued development of the business.
Doyle is a spirits industry veteran with nearly 30 years of marketing, commercial, and executive leadership experience from within the global alcoholic beverages sector.
“I’m delighted to be joining Compass Box. It is a brand that I have long admired as a pioneer within Scotch whisky. I have a huge amount of respect for John and what he has achieved,” Doyle said.
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John Glaser, who founded Compass Box in London in 2000, said, “With Maurice joining me at the helm, we are excited to double-down on our determination to democratize the enjoyment of Scotch whisky, to continue releasing products that reveal the creative art behind blending.”
The statement went on to explain that Cælum’s investment will be used to strengthen the balance sheet of the company, acquire inventory, and build production facilities.
Manish Rungta, managing partner for Cælum, said, “We are excited to partner with Compass Box and it is representative of the innovative and pioneering brands within the beverage category that we would like to invest behind.”
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