Accolade Wines gets $300m finance deal

26th March, 2014 by Lauren Eads

Accolade Wines has secured a US$300M cross-border financing package from global finance provider GE Capital International, building on its previous $220m package in 2011.

AccoladeAccolade Wines, the largest wine company by volume of wine sold in Australia and the UK, is currently recapitalizing its balance sheet to fund the continued growth of its business.

John Ratcliffe, CEO, of Accolade Wines, said: “We have been partnering with GE for some time. GE’s global platform is important to the implementation of our strategy of being a full-service New World wine proposition globally across the three core price segments of value, mid-market and premium.

“We operate globally and working with GE allows us to do this seamlessly across multiple geographies.”

Accolade Wines includes brands such as Hardys, Banrock Station, Kumala, Echo Falls and Geyser Peak which are distributed in more than 80 countries including Australia, the UK, Mainland Europe, the U.S., Canada, Japan and China.

Richard Laxer, president and CEO of GE Capital International, said: “Many of our customers’ businesses cover multiple geographies. Our global footprint and experience in cross-border transactions position us to provide global financing solutions that fit our customer needs. We were able to support Accolade Wines and CHAMP Private Equity, Accolade’s majority owner with a financing facility to help them fund the continued global growth of their business.”

GE Capital International is a leading, global provider of specialist finance to the mid-market, with headquarters in London and serving customers from 30 markets across EMEA and Asia Pacific.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Wine Buyer

Conviviality Plc
Crewe, UK

Sales Account Manager - On-Trade

Berkmann Wine Cellars
Liverpool

Sales Account Manager - On-Trade

Berkmann Wine Cellars
M3/M4 corridor

Media Sales Manager - Hong Kong

The Drinks Business Hong Kong
Hong Kong

Regional Account Manager

New Generation McKinley
London, UK

Experienced Sales Account Manager – On Trade

Cantina Goccia
London and the south, UK

National Sales Manager – Premium Drinks

Core Recruitment
London based with national travel

Wine Trainee

Stone, Vine & Sun
Twyford, near Winchester, Hampshire

Senior Technologist - Drinks

Conviviality Group
London, UK

Procurement Manager

JF Hillebrand Global Beverage Logistics
Essex, UK

Porter & Laker Manager

Porter & Laker
Essex, UK

Sales Manager & Brand Ambassador - Southwest

Salcombe Distilling Co.
Southwest of England - reporting to Salcombe HQ, GB

Head of Marketing

ATOM Supplies
Tunbridge Wells, Kent, UK

The Global Merlot Masters 2017

Deadline : 24th February 2017

The Prosecco Masters 2017

Deadline : 10th March 2017

db Awards 2017

Deadline : 28th April 2017

The Global Organic Masters 2017

Deadline : 3rd March 2017

Click to view more

The Global Sparkling Masters

the drinks business is thrilled to announce the launch of The Global Sparkling Masters

The Global Rosé Masters 2016

the drinks business is proud to announce the launch of the Global Rosé Masters 2016.

The Prosecco Masters 2016

Now in its third year, the competition will reflect the growth in popularity of this fresh and exciting sparkling wine from the picturesque regions of Veneto and Friuli.

The Global Pinot Noir Masters 2016

After the success of last year’s competition that judged over 250 wines from no less than 16 countries, the drinks business is proud to announce the third year of the Global Pinot Noir Masters

Click to view more