Accolade Wines gets $300m finance deal

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Your email address will not be published.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 *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales and Brand Manager

The Duchess Virgin Gin & Tonic
London,

Sales Scotland

Liberty Wines
Scotland, UK

Supply Chain Supervisor

Speciality Drinks
UK, UK

Sales Manager

Stilnovisti
London, UK

Regional Key Account Manager - On Trade

Lanson International UK
South of England, UK

Private Account Manager

Jeroboams Wine Merchants
London N1, UK

Sales Role

JF Tobias
London, UK

Events Assistant

Decanter
London, UK

Head of Marketing

Decanter
London, UK

Market Manager - Asia

Wines of South Africa
China,

Prosecco Springs

London,United Kingdom
26th Apr 2018

Spirits & More

Rome,Italy
19th May 2018

db Awards 2018

London,UK
23rd May 2018
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

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

Click to view more