November 16, 2015
Constellation Brands has announced an agreement to acquire San Diego-based Ballast Point Brewing & Spirits for approximately $1 billion. The transaction will be financed with cash and debt, and it is expected to close by the end of calendar year 2015, subject to customary closing conditions. Latham & Watkins LLP represents Ballast Point in the transaction with a corporate team led by partners Cheston Larson and Matthew Bush in San Diego and Paul Kukish in New York, with associates Colin Bumby (NY), Christopher Geissinger (SD), Isabel Bello (NY/SD), Alaina Ellis (SD), Jeff Woodley (SD) and Ryan Klafehn (NY). Advice has also been provided on benefits and compensation matters by counsel Holly Bauer in San Diego; on tax matters by partner Laurence Stein and associate Eric Cho in Los Angeles; and on antitrust matters by partner Joshua Holian in San Francisco and counsel Sydney Smith in Washington, D.C.