Sherpa Capital completed the acquisition of Reserva de la Tierra.

Sherpa Capital, an American venture capital firm, completed the acquisition of Reserva de la Tierra, a winery in Tarragona. Financial terms were not disclosed. “Our perspective is that the Spanish wine sector is very atomised with many small-scale wineries which are not professionalised at all. Internationally, buyers and retailers are increasingly concentrating their list of suppliers. This is a difficulty for Spain as it does not have enough big players. We want to create a group of wineries to meet the demands of our main clients in Spain and internationally,” Jose Maria de Retana, Sherpa Capital Investment Director.