Carlyle’s $1 Billion Acquisiion of both CHAMP’s 80% stake in Accolade

G+T advises funds managed by CHAMP Private Equity on the $1 billion sale of Accolade Wines

Accolade is the largest producer of Australian wine and the fifth largest wine company in the world. It can trace its wine-making history back to 1853, and remains the owner of an historic portfolio of brands including Hardys, Grant Burge and Houghton. Accolade Wines delivers over 35 million cases to more than 140 countries each year.

The deal sees Carlyle acquire both CHAMP’s 80 per cent stake in Accolade and the 20 per cent minority interest held by US liquor company Constellation Brands, Inc.

CHAMP Private Equity is a private equity and venture capital firm specializing in early stage, growth capital, expansion, and buyout investments in middle market companies. The Firm led by John Haddock, Joseph Skrzynski and William D. Ferris, is based in Sydney.

The G+T team was led by partners Peter Cook (Picture), Rachael Bassil and senior lawyer Alastair Corrigall and supported by lawyers Elizabeth Cameron, Anna de Navi, Jill Nyhof and Alexandra Meade.

 

Involved fees earner: Peter Cook – Gilbert + Tobin; Rachael Bassil – Gilbert + Tobin; Alastair Corrigall – Gilbert + Tobin; Elizabeth Cameron – Gilbert + Tobin;

Law Firms: Gilbert + Tobin;

Clients: CHAMP Private Equity;

 

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Author: Michael Patrini