Accolade Wines Australia Limited signed an agreement to acquire Pernod Ricard's Australian, New Zealand and Spanish wine businesses from Pernod Ricard SA (ENXTPA:RI) on July 16, 2024. Australian Wine Holdco Limited's intention is to create a more efficient and diversified global wine business by combining the Accolade Wines Australia Limited with Pernod Ricard?s Australian, New Zealand and Spanish wine businesses. The Pernod Ricard assets to be included in the combined business comprise a portfolio of international brands operated by Pernod Ricard Winemakers with over 10 million 9 L cases produced annually from three origins. These include Jacob?s Creek, Orlando and St Hugo from Australia; Stoneleigh, Brancott Estate and Church Road from New Zealand; and Campo Viejo, Ysios, Tarsus and Azpilicueta from Spain. The assets are an integrated platform from vineyard to bottle including seven wineries. Closing of the transaction remains subject to fulfilment of customary closing conditions, including regulatory clearances. As of October 25, 2024, based on the investigation, ACCC consider the proposed acquisition is unlikely to substantially lessen competition in wine processing and packaging services, and similarly is unlikely to substantially impact competition in the wholesale supply of wine, the transaction got approval from Australian Competition & Consumer Commission. The transaction is expected to occur during H1 2025.

Charles Ashton, Tom Story, Wendy Rae, Tom Hall , Andrew Wong, Jessica Mottau, David Liao, Aveline Orban, Matthew Whittle, Warwick Newell, Felicity McMahon, Caroline Ryan and Caitlin Goutama of Allens worked alongside Latham and Watkins (UK and Spain) and Chapman Tripp (NZ) acted as legal advisors to the consortium - Australian Wine Holdco Limited. J.P. Morgan Securities Australia Limited acted as financial advisor to Pernod Ricard SA. Morgan Stanley Australia Securities Limited acted as financial advisor to Pernod Ricard SA. Merrill Lynch Equities (Australia) Limited acted as financial advisor to Accolade Wines Australia Limited. MA Financial Group Limited (ASX:MAF) acted as financial advisor to Accolade Wines Australia Limited. Anita Choi, Anton Harris, Rehana Box, Con Tzerefos and Miriam Kleiner, Mark Stanbridge, Greg Golding, Jared Lynch, Rebecca Dixon, Rachel Daniel, Jennie Mansfield and Jane Harvey, Emma de Carle, Nichola Shaw and Jock O'Shea, Alyssa Phillips, Andrew Craig, Sanjay Wavde, Costa Koutsis and Elke Bremner, Paul Glover, Angela Pearsall and Anita Cade,David Sefton, Vicki Aron and John Stawyskyj, Jennifer Priestley, Helen Campbell, Aleena Alex, Michael Sheng, Derek Wang, Jorge Vázquez, Tannia Rodríguez, Rafael Baena, Cristina Grande of Ashurst Spain, Ashurst Australia and Ashurst Australia Beijing Representative Office act as legal advisor for Pernod Ricard SA.

Accolade Wines Australia Limited completed the acquisition of Pernod Ricard's Australian, New Zealand and Spanish wine businesses from Pernod Ricard SA (ENXTPA:RI) on April 30, 2025.