A publicly traded North American luxury wine leader is going private in a big buyout.

‍What’s happening:‍

• One of Napa Valley’s most iconic wine companies The Duckhorn Portfolio (NYSE: NAPA) has announced they have agreed to be acquired by Butterfly Equity in an all cash deal for $1.95B USD
  

By the numbers:‍

• The acquisition is being done at $11.10 USD per share, which is approximately a 65% premium to the prior close of The Duckhorn Portfolio's share price
  
• The Duckhorn Portfolio has their wine available in 50 countries globally
  

Why it matters:‍

• Butterfly Equity is one of the largest and most successful private equity companies focused exclusively on buying food and beverage companies
  

Going deeper:‍

• The Duckhorn Portfolio is one of the few wine companies who is experiencing tremendous growth in the luxury segment of wine and has been consistently expanding both their sales and distribution of premium wine brands
  
• The Duckhorn Portfolio made a number of highly successful acquisitions as a public company, including the purchase of Sonoma-Cutrer Vineyards which is one of the fastest growing Chardonnay brands in the United States of America

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