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New Deal


Announced

LVMH announced the acquisition of 60% interest in Colgin Cellars.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

wine production

Friendly

Private

Single Bidder

United States

Distillers and Vintners

Synopsis

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Ann Colgin, Founder of Colgin Cellars, and her husband Joe Wender, have chosen to partner with the LVMH Group, with the will to preserve their long-term commitment to the quality of their Cabernet and Syrah wines, as well as the spirit of excellence that has inspired them and their team for a quarter century. Under the terms of the agreement, Ann Colgin and Joe Wender will sell a 60% stake to the LVMH Group while continuing to hold 40% equity in the business and maintaining their leadership functions. Their talented winery team will continue to be led by Ann Colgin & Joe Wender along with COO, Paul Roberts and Winemaker, Allison Tauziet.

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