Vintage Wine Estates, Inc. acquired The Sommelier Company from Sommelier Capital Advisors LLC for approximately $8 million.
June 21, 2021
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Vintage Wine Estates, Inc. (NasdaqGM:VWE) acquired The Sommelier Company from Sommelier Capital Advisors LLC for approximately $8 million on June 22, 2021. The consideration is approximately $8 million, plus an earn-out tied to future performance of Sommelier. The Sommelier Company?s fiscal year 2020 net revenue exceeded $5 million and an adjusted EBITDA of greater than $3 million. Under the transaction, Founder and Principal, Joey Kleinhans will continue to direct The Sommelier Company. The acquisition is immediately accretive to earnings. Woodbridge International LLC acted as financial advisor to The Sommelier Company.
Vintage Wine Estates, Inc. (NasdaqGM:VWE) completed the acquisition of The Sommelier Company from Sommelier Capital Advisors LLC for $12 million con June 22, 2021. The consideration included nd contingent consideration up to of $4 million, whereby Vintage Wine will pay the seller three annual Earn-Out payments over three years, determined as a percentage of EBITDA.
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. 
