Pop Stars: Paula Kornell
The Napa sparkling winemaker talks about growing up in the wine industry, learning the business as a young woman and now being a vintner and a mentor Paula Kornell grew up at a sparkling wine producer, then moved into sales before starting her own brand. (Courtesy Paula Kornell Wine Co.) By Feb 12, 2021
Paula Kornell spent her life surrounded by wine. She grew up playing at her family winery, Hanns Kornell Champagne Cellars, which was founded by her father in 1958 when he purchased the former Larkmead Vineyard near St. Helena, Calif. For decades he made sparkling wine using the traditional
Santa Rosa s Vintage Wine Estates to go public in $690M deal northbaybusinessjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northbaybusinessjournal.com Daily Mail and Mail on Sunday newspapers.
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