A team of Foley lawyers is advising Vintage Wine Estates, one of the fastest growing wine producers in the U.S., in a merger with Bespoke Capital Acquisition Corp., a special purpose acquisition company, that will take the company public.
The combined company will be called Vintage Wine Estates, Inc.
Vintage Wines Estates is a high-growth, scaled U.S. wine producer that has grown organically and through acquisitions since its founding 20 years ago by CEO Pat Roney and the late Leslie Rudd. Today it sells over 2 million nine-liter equivalent cases of wine annually. The company deploys a well-balanced omnichannel strategy encompassing direct-to-consumer, wholesale and exclusive brands arrangements with national retailers.
The combination is expected to allow Vintage Wine Estates to expand and accelerate its wine industry growth strategy. Bespoke Capital Executive Chairman and former Diageo CEO Paul Walsh will join the company as non-executive Chairman. Pat Roney will continue as CEO of the combined company.
Completion of the transaction is subject to BCAC shareholder approval, securities law compliance and other customary conditions.
The Foley team is being led by senior securities and M&A partner Patrick Daugherty. Assisting him are Carrie Long, Mike Bresnahan, Leslie Pinney, Dovi Adlerstein, Chris Boll, Greg Neppl and others.