CHAMP Private Equity has agreed on a $1 billion deal to sell Accolade Wines – the biggest producer of Australian wine and owner of wine labels including Hardys and Grant Burge – to global buyout firm The Carlyle Group.
It is understood CHAMP and Carlyle signed the deal on Wednesday night after five weeks of exclusive negotiations and a secret two-part sale process run by CHAMP chief executive John Haddock.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
