RSS   Newsletter   Contact   Advertise with us
Post Online Media
Drinks   Alexandra Marnier Lapostolle is the buyer

Campari sells Lapostolle in Chile, will exit still wine business

CampariGruppo Campari signed an agreement to dispose of the Lapostolle wine business in Chile, via the sale of Marnier Investissments to Alexandra Marnier Lapostolle.

Article continues below

READ MORE Campari to acquire French liqueur maker Grand Marnier for $759 million

The enterprise value is € 30 million which includes a net financial position of € 23.3 million.

The sold business consists of the Chilean wines and pisco, under the brand Lapostolle, other brands as well as the vineyards, vinification and production plants, inventory, real estate assets and the hospitality operations in Chile Lapostolle Residence.

In the fiscal year ended 31 December 2015, Marnier Chile S.A. registered consolidated revenues of € 13.6 million (CLP 9,843.2 million) and EBITDA of € 1.8 million (CLP 1,336.6 million).

The overall deal consideration corresponds to a historic EBITDA multiple of 16.3 times. The closing of the transaction is expected within two months.

The Lapostolle winery, located in the Santa Cruz region, was founded in 1994 by Alexandra Marnier Lapostolle.

Today, the winery owns 370 hectares in three different vineyards and has a portfolio of premium wines spreading over Sauvignon Blanc, Chardonnay, Cabernet Sauvignon, Merlot, Carmenère and Syrah.

Distributed in more than 60 countries around the world, the Lapostolle portfolio includes multi-award winning wines such as Clos Apalta 2005, ranked first in the Top 100 of Wine Spectator in 2008.

What to read next

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy