Bespoke Capital Acquisition to merge with Vintage Wine Estates in a $690m deal.

Vintage Wine Estates, a wine producer, went public via a SPAC merger with Bespoke Capital Acquisition, a special purpose acquisition company, in a $690m deal, with an additional $50m of potential deferred consideration. “We are proud to bring a high quality company like VWE, with its cutting edge direct-to-consumer platform, to the public markets. The Company is positioned at the leading edge of the most rapidly growing parts of the wine industry. We have a strong admiration of VWE’s management team. They have an outstanding reputation for innovation which has led to organic growth and a well developed, highly successful acquisition machine. We know they will continue investing in diversity and sustainability where it matters most. VWE has proven itself as a private company, and its future is bright as a public company,” Paul Walsh, BCAC Executive Chairman.