Accolade Wines owner mulls IPO

12th May, 2016 by Arabella Mileham

The owner of the UK’s largest drinks company, Accolade Wines, is looking at listing the company on the London stock exchange as it gets ready to offload its 80% stake in the business, an Australian newspaper claims.

Paul Schaafsma, CEO of Accolade Wines

The Australian Financial Review has claimed Accolade Wines’ owners, Champ PE, which bought the global wine company in 2010 for AUS $290 million, has signed up several high level investment banks to investigate its potential exit options. This could include an initial public offering on the London Stock Exchange, a listing the Australian Stock Exchange or a “trade sale”, it said.

It reported the London listing was the favoured option for the wine company, given Accolade’s size and market share of its UK business, but that it was still “early in the process”.

Accolade is one of the largest global wine industries, with sales of Aus $1b (£483m) annually, delivering more than 35million cases of wine to more than 143 countries.

Its brands include some of the largest wine brands on the UK market, including market leader Hardys, Echo Falls and Kumala, as well as more recent acquisitions, Geyser Peak from California, New Zealand brand Mud House and Chilean brand, Viña Anakena. The company also has the capability to do private and own label wines from its Bristol bottling plant, Accolade Park, and in October 2013 signed a three year business plan with Tesco. In December, CEO Paul Schaafsma told db its aims was become the “one-stop shop for New World wines“.

Db contacted Accolade’s CEO Paul Schaafsma but he was unavailable for comment.

The news comes a week after the UK drinks industry was rocked by the surprise sale of Bibendum PLB to Conviviality Retail, which has created a company with an annual turnover of around £1.4 billion, and an 8% share of the UK market. Speculation about other possible mergers and acquisition were  also rife after reports emerged last month that Spain’s biggest Cava producer, Freixenet, has received a buyout offer, with German drinks group Henkell & Co. also confirming it was in preliminary talks with the Catalan company over a possible “co-operation”.

 

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Your email address will not be published.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

Experienced Administrator

The Drinks Business
Central London, UK

Sales Executive (London – Craft Spirits)

Bimber Distillery
London, UK

2 x Buying Assistants

Berry Bros. & Rudd
Battersea and Basingstoke, UK

Temporary Christmas Sales Support - Wines & Spirits

Harrods
Knighsbridge, London, UK

Head of Wholesale

Hispamerchants Ltd
London, UK

Sales Manager

Hispamerchants Ltd
London, UK

National Sales Manager

Maverick Drinks
Field based, UK

Regional Sales Executive

EWGA
Gloucestershire, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Green Awards 2017

Deadline : 25th October 2017

The Global Riesling Masters 2017

Deadline : 30th October 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more