Bespoke Capital Acquisition and Vintage Wine Estates announced today a definitive agreement for a business combination.
The deal has a pro forma implied market capitalization and enterprise value of approximately $690 million plus more than $50 million of potential deferred consideration.
The combined company will be named Vintage Wine Estates, and all key shareholders of VWE have agreed to support the transaction. The completion of the merger is not subject to any financing or minimum cash requirement, but only customary closing conditions. Prior to the signing of the definitive agreement, funds managed by Wasatch Global Investors acquired a $28 million stake in VWE from existing investors.
Vintage Wine Estates offers a direct-to-customer platform for its products. Read more.
