Biggest drinks trade acquisitions of 2018

Codorníu sells €390m majority stake to Carlyle Group

Bruno Colomer Marti, chief winemaker at Codorníu

Another major acquisition in the Spanish sparkling wine market, Codorníu Raventós Group announced in June that it had entered exclusive negotiations with the Carlyle Group, fresh from its acquisition of Accolade Wines for AU$1 billion, to sell a majority stake of its business.

Codorníu Raventós is the oldest family-owned Cava-producer in Spain, with 10 wineries across Spain, Argentina and California and over 3,000 hectares of vineyards.

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

“After analyzing our various options, we have reached a consensus, agreeing on a solution which has a lot of potential and takes a long-term view on leadership for the company.”

This deal was expected to close at the end of the year.

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