Clarendon Lawyers is pleased to have advised the Arnhold Investments Consortium (AIC) on its $2.5 million investment in Curatif Operations Pty Ltd (Curatif), which was completed on 16 July 2021.
AIC is a group of private investors led by Brodie Arnhold, who have made a significant number of investments in Australian companies and start-ups over the years, including Shaver Shop, Endota spa and Industry Beans.
Curatif is a Melbourne-based producer of ready-to-serve cocktails, which are served in cans. Its products are developed in collaboration with partners such as Archie Rose Distilling Co, Campari and Four Pillars Gin to produce a range of cocktails, including the Never Never Distilling Co Negroni and Tequila Tromba Tommy’s Magarita.
Since it was founded in 2019, Curatif has already established itself as a leading premium cocktail provider, winning numerous awards in the last 12 months. The investment by AIC will help fund the continued expansion of the business and meet the growing demand for at-home cocktails, which have become increasingly popular since the country first began experiencing lockdowns.
The Clarendons team was led by Director, Brendan Sheehan who was assisted by Lawyer, Laura Chesney.
Brendan congratulated AIC and Curatif on the transaction, noting “this is a transformative transaction for Curatif that will enable it to expand its manufacturing capabilities and digital presence in Australia and internationally.”
“We have advised AIC on a number of investments and it is always a pleasure to work with Brodie and the other consortium members. AIC are delighted to partner with Curatif, a business that is well placed to capitalise on the demand for canned cocktails, which is accelerating at a rapid pace.”
AIC was also advised by McGrathNicol and PwC.
Curatif was advised by Hall & Wilcox and Barwon Advisory.