Viva Wine Group to acquire a 88.59% stake in Delta Wines from Navitas Capital for €57m.

Viva Wine Group, a wine group, agreed to acquire a 88.59% stake in Delta Wines, a wine distributor, from Navitas Capital, a venture capital firm, for €57m. "We are very pleased to add Delta Wines to our group of entrepreneur-led companies. This acquisition represents a strategically important step in terms of our ambition to establish Viva Wine Group as one of Europe’s leading wine distributors. It strengthens our position in the European market and provides significant value-creation opportunities through both commercial and operational synergies, particularly within our Nordic B2B operations. Delta Wines holds a strong market position and is led by a highly regarded, entrepreneurially driven team — something we greatly value. The fact that management will remain in their roles ensures continuity and cultural alignment, both of which are critical for successful integration and continued profitable growth. Together with our producers and partners, we are building on a strong growth journey – aiming to lead development and create long-term value," Emil Sallnäs, Viva Wine Group CEO.