Vintage Wine Estates, Inc. completed the acquisition of Layer Cake, Cherry Pie and If You See Kay Brands from One True Vine, LLC for for $90.8 million.
January 02, 2018
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Vintage Wine Estates, Inc. entered into an agreement to acquire Layer Cake, Cherry Pie and If You See Kay Brands from One True Vine, LLC on December 11, 2017. Deutsch Family Wine & Spirits will handle Sales and Marketing for Layer Cake; Vintage Wine Estates assumes those duties for Cherry Pie and If You See Kay. Jayson Woodbridge will remain in a consultant role for both winemaking and public relations for both Layer Cake and Cherry Pie. The transaction is expected to close on January 2, 2018. Demeter Advisory Group, LLC acted as a financial advisor to One True Vine, LLC.
Vintage Wine Estates, Inc. completed the acquisition of Layer Cake, Cherry Pie and If You See Kay Brands from One True Vine, LLC for $90.8 million on January 2, 2018. The total consideration of $91,848,900 consist of $66,448,900 cash, $4.5 million Deferred payment, $0.9 million Contingent consideration and $19 million of notes payable.
Vintage Wine Estates, Inc. is a vintner in the United States, offering luxury wines produced by its heritage wineries, as well as several popular lifestyle wines. Its brands include Bar Dog, B.R. Cohn, Cameron Hughes, Cherry Pie, Firesteed and Kunde. It also produces hard cider, another form of wine, under the ACE Cider brand. Its segments include Direct-to-Consumer (DTC), Business-to-Business (B2B) and Wholesale. DTC segment sells wine and other merchandise directly to consumers through wine club memberships, at wineriesâ tasting rooms, at wine tasting events, and through eCommerce. B2B segment generates revenue primarily from the sale of private label wines and spirits, and custom services, such as fermentation, barrel aging, winemaking, procurement of dry goods, bottling and cased goods storage. Wholesale segment generates revenue from products sold to distributors, who then sell them to off-premise retail locations such as grocery stores, specialty and multi-national retail chains.
Vintage Wine Estates, Inc. completed the acquisition of Layer Cake, Cherry Pie and If You See Kay Brands from One True Vine, LLC for for $90.8 million.
VINTAGE WINE ESTATES, INC. 
