M&A Deal Summary

TPG Acquires Beringer Wine Estates

On January 1, 1996, private equity firm TPG acquired beverage company Beringer Wine Estates from Nestle USA for 350M USD

Acquisition Highlights
  • This is TPG’s 1st transaction in the Beverages sector.
  • This is TPG’s 87th largest (disclosed) transaction.
  • This is TPG’s 3rd transaction in the United States.
  • This is TPG’s 1st transaction in California.
Investment Fate
  • Beringer Wine Estates went public in 1997.
  • Beringer Wine Estates was sold to a strategic buyer in 2000 for 1.5B USD.

M&A Deal Summary

Date 1996-01-01
Target Beringer Wine Estates
Sector Beverages
Buyer(s) TPG
Sellers(s) Nestle USA
Deal Type Divestiture
Deal Value 350M USD

Target

Beringer Wine Estates

Saint Helena, California, United States
website
Beringer Wine Estates Holdings, Inc. is a producer of premium varietal table wines. These wines are distributed under the following names: Beringer Vineyards, Meridian Vineyards, Chateau St. Jean, St. Clement and Stags' Leap. During fiscal 2000, the company sold "Napa Ridge" brand.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 3 of 401
Sector (Beverages) 1 of 5
Type (Divestiture) 2 of 36
State (California) 1 of 82
Country (United States) 3 of 269
Year (1996) 1 of 2
Size (of disclosed) 87 of 100
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-07-01 Favorite Brands

Kendallville, Indiana, United States

Favorite Brands International operated as a confections company in the U.S. It produced and sold marshmallow, fruit snack, and non-chocolate candy categories with a broad portfolio of products.

Buy $204M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-09-01 Ducati

Bologna, Italy

Ducati is the European manufacturer and distributor in the niche of high-performance sport motorcycles with a 6.3% market share in the sport segment of the high displacement road market (greater than 500 cc). Ducati’s headquarters and manufacturing operations are based in Bologna (Italy).

Buy $325M

Seller(S) 1

SELLER

Nestle USA

Glendale, California, United States

website


Category Company
Founded 1990
Sector Food
DESCRIPTION

Nestlé USA makes delicious, convenient and nutritious food and beverage products that make good living possible.


DEAL STATS #
Overall 1 of 5
Sector (Beverages) 1 of 3
Type (Divestiture) 1 of 4
State (California) 1 of 1
Country (United States) 1 of 5
Year (1996) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1971-01-01 Beringer Wine Estates

Saint Helena, California, United States

Beringer Wine Estates Holdings, Inc. is a producer of premium varietal table wines. These wines are distributed under the following names: Beringer Vineyards, Meridian Vineyards, Chateau St. Jean, St. Clement and Stags' Leap. During fiscal 2000, the company sold "Napa Ridge" brand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-24 Turtles Brand

United States

DeMet’s Candy in 2007 acquired the Turtles brand in the U.S. from Nestle USA, Inc.

Sell -