Rochester, NY. Nixon Peabody LLP represented Constellation Brands, Inc. in its agreement to acquire Grupo Modelo’s 50 percent stake in Crown Imports from Anheuser-Busch InBev for $1.85 billion.
Crown Imports is a 50/50 joint venture between Constellation Brands and Grupo Modelo for the importation of Grupo Modelo brands into the U.S., including Corona Extra, Corona Light, Modelo Especial, Pacifico, Negra Modelo, and Victoria. The transaction arises out of Anheuser-Busch InBev’s agreement to acquire the remaining half of Grupo Modelo.
Two Nixon Peabody legal teams advised Constellation in the transaction. The corporate/deal team was led by Jim Bourdeau and John Moragne and included Roger Byrd, Kristen Walsh, Carolyn Nussbaum, Frank Penski, Jeffrey LaBarge, and Eric Tanck. The finance team was led by Craig Mills and Sarah Abel and included Frank Hamblett, John LaBoda, and Deirdre Nash.