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Simpson Thacher Represents Evercore as Financial Advisor to Cott Corporation in Its Announced Acquisition of Eden Springs

06.07.16

Simpson Thacher is representing Evercore Group L.L.C. as financial advisor to Cott Corporation (NYSE: COT) (“Cott”) in connection with its announced definitive share purchase agreement to acquire Eden Springs (“Eden”), a leading provider of water and coffee solutions for offices in Europe, for approximately €470 million on a debt and cash free basis, subject to certain adjustments. The acquisition, which is expected to close in the third quarter of 2016, is subject to certain customary closing conditions, including regulatory approvals.

With the acquisition of DS Services of America, Inc., Cott combined a leading provider in the direct-to-consumer beverage services industry with its traditional business, one of the world's largest producers of beverages on behalf of retailers, brand owners and distributors. Cott now has the largest volume-based national presence in the U.S. home and office delivery industry for bottled water and one of the five largest national market share positions in the U.S. office coffee services and filtration services industries. Cott reaches over 1.5 million customers (approximately 60% commercial and 40% residential) through over 2,000 routes located across its national network supported by national sales and distribution facilities, as well as a fleet of over 2,000 vehicles.

The Simpson Thacher team included Patrick Naughton and Gabriela Botifoll (M&A).