M&A Deal Summary

Vintage Wine Estates Acquires ACE Cider

On November 15, 2021, Vintage Wine Estates acquired beverage company ACE Cider

Acquisition Highlights
  • This is Vintage Wine Estates’ 8th transaction in the Beverages sector.
  • This is Vintage Wine Estates’ 8th transaction in the United States.
  • This is Vintage Wine Estates’ 5th transaction in California.

M&A Deal Summary
Date 2021-11-15
Target ACE Cider
Sector Beverages
Buyer(s) Vintage Wine Estates
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)
Farella Braun + Martel (Legal)

Target

ACE Cider

Sebastopol, California, United States
ACE Cider is a hard cider producer, to bring the hard cider culture of their native home, England, to the American consumer. ACE Cider's portfolio of fruit-forward hard ciders featuring lower alcohol, no added sugar, and a commitment to the craft and spirit of the hard cider tradition. ACE Cider was founded in 1993 and is based in Sebastopol, California.

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Buyer(S) 1

Buyer

Vintage Wine Estates

Incline Village, Nevada, United States
Category Company
Founded 2000
Sector Beverages
Employees568
Revenue 283M USD (2023)
DESCRIPTION

Vintage Wine Estates is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California’s Central Coast, Oregon and Washington State. Since its founding 20 years ago, the Company has become a top 15 U.S. wine producer via organic and acquisitive growth, today selling more than 2 million nine-liter equivalent cases annually. Vintage Wine Estates was incorporated in 2019 and is based in Incline Village, Nevada.

DEAL STATS #
Overall 8 of 9
Sector (Beverages) 8 of 9
Type (Add-on Acquisition) 8 of 9
State (California) 5 of 5
Country (United States) 8 of 9
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Vinesse

United States

Vinesse is a direct-to-consumer platform company specializing in wine clubs with over 60,000 members. Vinesse has developed a long-time following by offering interesting boutique wines to a broader audience and making wine accessible and easy to love.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Meier’s Beverage Group

Cincinnati, Ohio, United States

Meier’s Beverage Group is a producer, bottler, importer, and marketer of specialty beverage alcohol and non-alcohol products with an outstanding portfolio of brands and a sparkling legacy. Meier’s Beverage Group is based in Cincinnati, Ohio.

Buy -
Mergr

Product

Company

Legal