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New Deal


Announced

Completed

Treasury Wine Estates completed the acquisition of the wine division of Diageo for $600m.

Financials

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Transaction Value£422m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Disposal

Completed

Distillers and Vintners

produces wine

United Kingdom

Majority

Friendly

Single Bidder

Acquisition

Cross Border

Synopsis

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Treasury Wine Estates, an Australian provider of wines, completed the acquisition of the wine division of Diageo, an alcoholic beverage group, for $600m. “Diageo’s strategy is to drive stronger, sustained performance through focus on our core portfolio and today’s announcement is another element of that strategy in action. Wine is no longer core to Diageo and this sale gives us greater focus," Ivan Menezes, Diageo CEO.

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