Bespoke Capital Acquisition and Vintage Wine Estates today announced that Wasatch Global Investors will increase its current investment in the pending merger of the two companies by $100 million. Wasatch had already committed to a $28 million private placement. The new investment will take the form of common shares at $10 each, Bespoke’s IPO price. The investment is subject to the closing of the business combination.
Announced in February, the merger transaction has a pro forma implied market capitalization and enterprise value of approximately $690 million plus more than $50 million of potential deferred consideration.
Vintage Wine Estates bills itself as one of the fastest growing U.S. wine producers with an industry leading direct-to-customer platform. Read more.
