Laguna Bay’s A$60 Million Investment in Margaret River Wines and McWilliam’s


Corrs Chambers Westgarth advised Laguna Bay on the deal

Laguna Bay executed its A$60 million (approx) investment in Australia’s renowned wine businesses, Margaret River Wine Production, and consequently, McWilliam’s Wines Group.

Laguna Bay is an Australian agricultural fund manager founded in 2010. It currently manages a portfolio of agricultural and agribusiness sector assets, and has investment mandates with pension and other institutional investors.

Corrs assisted Laguna Bay Agricultural Fund 1 (Laguna Bay) with its investment into Margaret River Wine Production Pty Ltd (MRWP), and negotiation of MRWP’s investment in McWilliams Wines Group.

MRWP, controlled by Western Australian businessman Peter Fogarty, owns more than one-third of the Margaret River region’s total wine production, and also controls the Lake’s Folly brand in NSW’s Hunter Valley.

McWilliam’s is an unlisted public company owned by 70 McWilliam’s family members with a history dating back to 1877. It is Australia’s sixth largest wine company and has an extensive product range marketed under a portfolio of owned brands including McWilliams and Mount Pleasant. McWilliams is also the sole Australian distributor for prominent global brands Champagne Taittinger, Mateus, Henkell and Mionetto.

The Corrs team was led by Corporate Partner Fadi Khoury (Picture) and supported by Special Counsel Jaclyn Riley-Smith, Senior Associate William Lehane and Lawyer Magan Goh, with assistance from Corrs Partner Ben Emblin (Restructuring, Insolvency and Special Situations) and Special Counsel Suzanne Berben.

Involved fees earner: Suzanne Berben – Corrs Chambers Westgarth; Ben Emblin – Corrs Chambers Westgarth; Fadi Khoury – Corrs Chambers Westgarth;

Law Firms: Corrs Chambers Westgarth;

Clients: Laguna Bay;

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Author: Michael Patrini