Diageo’s Acquisition of Additional Stake in London Group

Cravath represented Raphael Yakoby, a New York entrepreneur, in the sale to Diageo of an additional interest in London Group, LLC. London Group is a joint venture between Yakoby and Diageo that owns NUVO, an imported pink sparkling liqueur. The transaction increases Diageo’s stake to approximately 70%.

The Cravath team included partner Andrew W. Needham and associates Annie Kim and Joanne J. Lee on tax matters; partner Eric W. Hilfers and associate Matthew Cantor on executive compensation and benefits matters; and associates Richard M. Brand and Jared W. DeMatteis on corporate matters.