By Reuters Staff
2 Min Read
(Reuters) - Vintage Wine Estates Inc said on Thursday it would merge with a blank-check firm to go public in a deal that values the California-based winemaker at around $690 million including debt.
Prior to the deal with Bespoke Capital Acquisition Corp, investment firm Waswatch Global Investors bought a stake worth $28 million in the company, Vintage Wine Estates said in a statement.
Vintage Wine has 12 winery estates in Napa, Sonoma and the central coast of California. It was founded by Pat Roney, who is also the chief executive officer of the company.
The winemaker’s brands, which include Purple Cowboy and Laetitia, sell for anywhere from $10 to $150.
Bespoke Capital Acquisition Corp. (TSX: BC.U) and Vintage Wine Estates enter into a merger agreement
Vintage Wine Estates has a revenue and EBITDA CAGR of over 20% since 2010
Paul Walsh, Executive Chairman of BCAC and former Diageo CEO, to become non-executive Chairman of the combined company. Pat Roney, CEO and founder of Vintage Wine Estates, to continue as CEO of the combined company
Pro forma implied market capitalization and enterprise value of approximately US$690 million plus more than US$50 million of potential deferred consideration
Wasatch Global Investors acquires US$28 million stake in Vintage Wine Estates
Bespoke Capital Acquisition Corp. in the process of listing on the NASDAQ
By Reuters Staff
2 Min Read
(Reuters) - Vintage Wine Estates Inc said on Thursday it would merge with a blank-check firm to go public in a deal that values the California-based winemaker at around $690 million including debt.
Prior to the deal with Bespoke Capital Acquisition Corp, investment firm Waswatch Global Investors bought a stake worth $28 million in the company, Vintage Wine Estates said in a statement.
Vintage Wine has 12 winery estates in Napa, Sonoma and the central coast of California. It was founded by Pat Roney, who is also the chief executive officer of the company.
The winemaker’s brands, which include Purple Cowboy and Laetitia, sell for anywhere from $10 to $150.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Acreage Holdings Names Peter Caldini, Former President Pfizer North America Consumer .
Acreage Holdings, Inc.December 18, 2020 GMT
NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) Acreage Holdings, Inc. (“Acreage”or “Company”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) is pleased to announce that Peter Caldini has been appointed as the Company’s Chief Executive Officer. He officially joins Acreage on Monday, December 21st.
Peter brings an ideal mix of capabilities and experience to Acreage, having served in several senior leadership positions at major healthcare and consumer packaged goods (“CPG”) companies in the US and globally. Earning a reputation as a strong and seasoned leader, Mr. Caldini has a proven track record of improving operational efficiencies, strengthening brand equity, and creating shareholder value.
Former Pfizer President Peter Caldini To Helm Acreage Holdings
Acreage Holdings, Inc. (CSE:ACRG) (OTCQX:ACRDF) confirmed Friday it has tapped the former President Pfizer North America Consumer Healthcare, Peter Caldini, as its new CEO.
The move came just months following the debut of the New York-headquartered company on OTCQX.
The decision is effective Monday, Dec. 21, the company noted.
During his career, Caldini served in a number of senior leadership positions within healthcare and consumer packaged goods in both the U.S. and international companies.
While working at Phizer, he also served as Regional President Consumer Healthcare of Europe, the Middle East, and Africa (EMEA). In addition, he sharpened his leadership skills during his time at Bayer Consumer Health and Wyeth Pharmaceuticals.