Vintage Wine Estates, Inc. (NASDAQ: VWE), located in Santa Rosa, California is one of the fastest growing wine producers in the United States. It was announced Tuesday, September 28th that it has acquired substantially all of the assets of Vinesse, LLC, a direct-to-consumer platform company specializing in wine clubs with over 60,000 members. Vinesse offers interesting boutique wines to a broader audience and aims to make wine more accessible.
VWE is acquiring Vinesse for $14 million in cash with a $2.5 million earnout over a three-year period. This deal is the first of potentially several other acquisitions that VWE intends to make during FY2022.
Quazar Capital was not involved in this transaction.
Read the full story here: https://www.northbaybusinessjournal.com/article/industrynews/vintage-wine-estates-in-santa-rosa-acquires-large-club-vinesse-for-14-mill/
