C.W. Downer & Co. Assists Walsh Whiskey Distillery Ltd with a Capital Raise

BOSTON, October 16, 2013 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Walsh Whiskey Distillery Ltd. of Ireland has completed a capital raise for the purpose of expanding its business including building its own world class distillery in Ireland. Illva Saronno of Italy, makers of Amaretto di Saronno and Tia Maria, is the lead investor in this capital raise, which is part of an investment program totaling EUR 25 million over the next five years. The deal closed on October 3, 2013.

Founded in 1999 in Carlow, Ireland, by Bernard and Rosemary Walsh, Walsh Whiskey Distillery produces and distributes super-premium and ultra-premium Irish whiskey worldwide under The Irishman and Writers Tears brands. Illva Saronno is a family held group, world famous in spirits for Amaretto di Saronno and Tia Maria, which also includes the drink brands, Artic Vodka, Isolabella Sambuca, Zucca, and Aurum among others. Illva Saronno has a distribution network covering over 160 countries and including significant operations in both China and India.

Walsh Whiskey and Illva Saronno have created the joint venture to construct a large scale, independent Irish whiskey distillery which is expected to be completed and in production in 2016. The distillery will be capable of producing the four styles of Irish whiskey (pot, grain, malt and blended) and will allow Walsh Whiskey to be entirely independent with the production of its own brands. It will also provide the company the opportunity to supply third parties with private label high quality whiskeys. "Ashley Rountree and his team know the Spirits space very well. They have brought in a terrific partner and provided the right guidance every step of the way," enthused Bernard Walsh, founder of The Irishman whiskies.

"We are thrilled to have brought these partners together. The Irishman is a great brand with a great future," said Ashley Rountree, Managing Director and Partner with C.W. Downer & Co. "C.W. Downer has a long history of assisting premium spirit and liqueur brands with acquisitions, divestitures and fundraisings, and we are proud to add The Irishman to our client list," added Philip Smith, Managing Director with C.W. Downer & Co. in Dublin.

The C.W. Downer & Co. team advising Walsh Whiskey on the fundraising included Mr. Rountree (Managing Director & Partner), Mr. Smith (Managing Director), Nicolas Vienot (Vice President), Antoine Telle (Analyst), and Jennifer O'Shea (Analyst).

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 38 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit

For Further Information:

Ashley Rountree, Managing Director & Partner
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Philip Smith, Managing Director
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Patti Allan, Marketing Director
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C.W. Downer & Co.
+1 617 482 6200

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