Edinburgh-based specialist consumer brand investor Inverleith LLP has secured a majority stake in distillers Eden Mill.
St Andrews-based Eden Mill, a premium craft gin and Scotch whisky brand, is embarking on the development of its carbon neutral single malt whisky distillery.
Eden Mill hopes to be one of the world’s first climate positive distilleries and will be sited on the University of St Andrews Eden Campus, a site dedicated to zero-carbon and sustainable businesses and research firms.
The stunning distillery location sits at the mouth of the River Eden in St Andrews.
Established in 2012 by Tony Kelly and Paul Miller, Eden Mill produces a range of gins, which draw inspiration from the local area around the famous town of St Andrews and which experiment with techniques including cask ageing.
In 2018, it launched its first limited edition single malt, a whisky with a marriage of spirit matured in American and French virgin oak quarter casks and ex Pedro-Ximénez sherry casks and bottle 001 sold at auction for £7100 which set a new record for a first release from a new distillery.
The investment from Inverleith LLP will see the company push forward with its ambitious distillery build with a targeted opening of the new distillery in late 2022. The investment will also enable the company to expand its distribution in the UK and internationally.
Eden Mill managing director and founder Paul Miller said: ‘This is a really exciting moment for Eden Mill St Andrews. Having secured Inverleith LLP as the majority investor into the business, we will be able to realise our distillery ambition and unlock the potential of Eden Mill St Andrews as a premium craft gin and premium single malt scotch whisky here in the UK and overseas.
‘We have been looking for an investor who shares our passion for the Eden Mill opportunity, who understands the uniqueness of the opportunity and is aligned to our vision. With their consumer strategic brand and commercial expertise, I am confident that we have found the right partner to take drive and support the next and most significant stage of the Eden Mill journey.
‘I’m looking forward as managing director to working closely with the team at Inverleith’.
Eden Mill were advised in the transaction by Johnston Carmichael.
Following the majority investment by Inverleith LLP, Paul will lead the business as managing director, supported by a new senior executive leadership team and a newly formed board of directors, which are in the process of being established.
Inverleith LLP managing partner, Paul Skipworth, said: ‘This is a fantastic addition to Inverleith’s portfolio of premium consumer brands. Having worked closely with the historic and acclaimed University of St Andrews to secure a site on its sustainability campus in St Andrews, the globally renowned Home of Golf, Eden Mill St Andrews has one of the most exciting futures within premium gin and whisky and we are delighted to be supporting the realisation of its vision.
‘As a team, we have a long heritage in the development of premium spirits, both operationally and as investors, and we believe we will be a strong partner for Paul Miller and the wider Eden team over the coming years. We admire the work that Eden Mill has done to date in developing high quality, great tasting gins and scotch whiskies and we look forward to helping the brand and its products achieve international success.’