May 2 - Deal Journal Blog (WSJ) - LBO Wire reporter and Deal Journal contributor Matthew Monks files this sideways look at private equity firms’ interest in wine.
Private-equity firms are pursuing an insouciant investing interest, with a hint of earthiness.
They’re looking at wineries. Over the past month, at least two buyout firms have raised money to invest in family-owned wineries. Vinum Capital, of San Anselmo, Calif., is raising a $250 million fund to acquire as many as 10 wineries on the West Coast. San Francisco firm Bacchus Capital Management LLC is also sitting on an undisclosed amount of capital that “is ready to make investments,” in wineries, it said. Read More.
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