Going Private • Beverages

Butterfly Equity Acquires Duckhorn Vineyards

On December 24, 2024, private equity firm Butterfly Equity acquired beverage company Duckhorn Vineyards for 2.0B USD

Acquisition Context
  • This is Butterfly Equity’s 3rd transaction in the Beverages sector.
  • This is Butterfly Equity’s 2nd largest (disclosed) transaction.
  • This is Butterfly Equity’s 10th transaction in the United States.
  • This is Butterfly Equity’s 6th transaction in California.

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M&A Deal Summary

Date December 24, 2024
Target Duckhorn Vineyards
Sector Beverages
Buyer(s) Butterfly Equity
Deal Type Going Private
Deal Value 2.0B USD
Advisor(s) J.P. Morgan Securities (Financial)
Ropes & Gray (Legal)

Target Company

Duckhorn Vineyards

Saint Helena, California, United States
Duckhorn Vineyards produces and sells wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally. Duckhorn Vineyards was founded in 1976 and is based in Saint Helena, California.
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Buyer Overview 1

Buyer

Butterfly Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Butterfly Equity is a private equity firm focused on the food sector. The Firm will consider opportunities spanning the entire food chain include agriculture, aquaculture, food, beverages, food distribution, and food service. Butterfly Equity was formed in 2016 and is headquartered in Beverly Hills, California.


Deal Context for Buyer #
Overall 11 of 11
Sector: Beverages 3 of 3
Type: Going Private 2 of 2
State: California 6 of 6
Country: United States 10 of 10
Year: 2024 3 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-24 Duckhorn Portfolio

Saint Helena, California, United States

Duckhorn Portfolio produces and sells wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. Duckhorn Portfolio sells its products directly to California retailers and restaurants, distributors and agents in other states throughout the United States, and to export distributors that sell internationally. Duckhorn Portfolio was founded in 1976 and is based in Saint Helena, California.

Buy $2.0B