Butterfly Equity Acquires Duckhorn Portfolio for $1.95 Billion

The private-equity firm plans to take the renowned Napa Valley wine company private, offering shareholders a substantial premium.

Duckhorn Portfolio shareholders will receive $11.10 per share, marking a 65% premium on recent average stock prices.
The acquisition deal includes a 45-day period for Duckhorn to consider alternative offers.
Butterfly Equity, known for its investments in the food and beverage sector, sees strong growth potential in Duckhorn's luxury wine brands.
The Duckhorn Portfolio reported a 7.3% increase in fourth-quarter sales, largely driven by Sonoma-Cutrer's success.
The transaction is expected to close this winter, pending any competing offers during the go-shop period.