Codorníu to sell €390m majority stake to Carlyle Group

29th June, 2018 by Lauren Eads

Spain’s Codorníu Raventós Group has entered exclusive negotiations with the Carlyle Group, which earlier this year bought Accolade Wines for AU$1 billion, to sell a majority stake of its business.

Bruno Colomer Marti, chief winemaker at Codorníu

Investment will come from a European arm of Carlyle – a US based equity investment group – called Carlyle Europe Partners.

This year, Codorníu expects to close its financial year with an EBITDA of €26 million, which it said was a “significant improvement” over the previous year and in line with the company’s long term strategic plan.

“This agreement will help boost the company overseas and consolidate and give continuity to our strategy, centered on building valuable and prestigious brands,” said Mar Raventós, chairwoman of Codorníu.

“After….

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2 Responses to “Codorníu to sell €390m majority stake to Carlyle Group”

  1. Charles Crawfurd says:

    Sad to see another family owned company disappearing. Hope Carlyle are not over reaching themselves with these rapid acquisitions. Seen this happen all to recently with Conviviality!

  2. Jim says:

    Codorníu was founded in 1551,is the oldest private company in Spain and the third oldest in Europe. It is a noted pioneer in the history of Spanish wines. Yep, sad to see yet another storied name become just another corporate brand.

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