Wine industry M&A brisk pace expected to continue in 2017

Jan 3, 2017

(NBBJ) - The North Coast had a second year of high-profile, big-value sales of wine properties and brands, and those in the thick of such deal-making said the spigot on such transactions likely will remain open in 2017.

“it’s been robust the last two years,” said Sean Maher, St. Helena-based managing director of Aspect Consumer Partners. “As you know, the beer guys who used to play under $12 [a bottle] now want to play over $20. ”

Key local acquisitions this year have been The Prisoner Wine Co. brands, bought in April for $285 million by Constellation Brands from Napa’s Huneeus Vintners, following on Constellation’s $315 million purchase last year of the Meomi pinot noir brand from Napa Valley, the single-largest dollar figure for a wine brand without real estate. Then in May of this year, Far Niente, bought by private-equity firm San Francisco’s GI Partners, majority owner of Duckhorn Wine Co.; and Duckhorn, sold by GI a few months later to wine investment newcomer TSG Consumer Partners of San Francisco.

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