Brown-Forman Acquires Gin Mare Brands from Vantguard and MG Destilerías

Illva Saronno Holding Acquires Majority Stake in Sagamore Spirit

September 14, 2023

Food & Beverage

Italian spirits group Illva Saronno Holding S.p.A. has purchased a majority stake in Baltimore-based Sagamore Spirit, the rye whiskey brand and distillery owned by Sagamore Ventures (the family office of Kevin Plank). The deal expands Illva Saronno's U.S. presence and whiskey portfolio while preserving Sagamore Spirit's Maryland-based operations and enabling further market expansion.

Milestone Brands Acquires Victoria Distillers and Azzurre Spirits

June 21, 2022

Food & Beverage

Milestone Brands LLC, an Austin-based premium spirits company, has acquired Victoria Distillers Inc (producer of Empress 1908 Gin) and Azzurre Spirits Corporation (U.S. importer of Empress 1908 Gin). The transaction includes Victoria Distillers' distillery in Victoria, British Columbia and a Vancouver packaging facility; the deal was financed via a strategic partnership in which BDT Capital Partners acquired a significant minority stake in Milestone Brands.

The Duckhorn Portfolio Acquires Sonoma-Cutrer Vineyards from Brown-Forman

November 16, 2023

Food & Beverage

The Duckhorn Portfolio, Inc. has entered into a definitive agreement to acquire Sonoma-Cutrer Vineyards from Brown-Forman Corporation for approximately $400 million in a mix of stock and cash. The acquisition expands Duckhorn's presence in luxury Chardonnay, with Brown-Forman receiving a ~21.5% post-closing stake in The Duckhorn Portfolio and two board nominations.

Barentz International Acquires Maroon Group from CI Capital Partners

October 14, 2020

Logistics & Distribution

Barentz International, a Cinven-backed global distributor of life science ingredients, has entered into a definitive agreement to acquire Maroon Group, a leading North American distributor of specialty chemicals and life science ingredients headquartered in Avon, Ohio. Maroon, previously owned by CI Capital Partners, has roughly $500 million in annual revenue and ~300 employees; the deal expands Barentz's presence and capabilities across North America.

Maritime Partners Acquires M/G Transport from Auxo Investment Partners

August 10, 2022

Transportation

Maritime Partners, through its managed funds, has agreed to acquire M/G Transport Holdings LLC from Auxo Investment Partners and its affiliates. M/G, a longtime provider of inland barge transportation on the Lower Mississippi River and West Canal to Houston, will continue to operate under its brand with existing management; terms were not disclosed.

Hillebrand Acquires Majority Stake in VignoblExport

May 6, 2021

Logistics & Distribution

Hillebrand has acquired a majority stake in VignoblExport, a French provider of small-quantity logistics and proprietary digital solutions for alcoholic beverages. The deal is intended to strengthen Hillebrand’s small-quantity logistics capability and accelerate its e-commerce and direct-to-consumer services globally; Hillebrand holds an option to acquire the remaining shares.