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Italian drinks maker Campari Group has acquired a 14.6% stake in Capevin Holdings, a South African owner of whisky producers, for £69.6 million in cash. This acquisition includes single malt scotch brands like Bunnahabhain, Deanston, and Tobermory. The deal, valued at approximately $92 million, signifies a potential resurgence in alcohol industry mergers and acquisitions, which have been relatively quiet recently. Additionally, Campari's top investor plans to buy up to $111 million in shares, citing market value. Campari is also expected to win back drinkers with a marketing binge.
