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.