BNP Paribas heads sell-side advisory
SAN FRANCISCO, September 7, 2022 /PRNewswire/ — bank of the west, Part of BNP Paribas Group, announced today that it has secured financing for Ste. Michelle Wine Estates, owned by private equity firm Sycamore Partners. BNP Paribas acted as exclusive financial advisor to A to Z Wineworks and worked closely with Bank of the West on the transaction.
A to Z Wineworks is one of them Oregon’s largest wineries and the world’s first certified B Corp winery. Ste. Michelle is the premier winery in the Pacific Northwest. Some of its popular brands are Chateau Ste. Michelle, 14 hands, Erath and in Californiadeer jump.
“Bank of West’s approach to this transaction demonstrated why it is such a valuable partner for leading winemakers,” he said David Dearie, Managing Director, Ste. Michelle Wineries. “The acquisition of A to Z Wineworks by Ste. Michelle Wine Estates gives us a significant presence in Oregon and complements our roots in the Pacific Northwest. We believe there are exciting growth opportunities ahead of the combined business and we look forward to working with Bank of the West as we continue to scale.”
“We have both financed and strategically advised Wineworks from A to Z for over 15 years,” said Adam Beak, Managing Director, Head of Beverage Vertical, Bank of the West. “It was particularly gratifying to facilitate the acquisition for another Bank of the West client. This transaction is the result of a long and successful relationship.”
Bank of the West is one of the nation’s largest commercial lenders to the wine industry, bringing extensive experience and global connections. Bank of the West has led the financing of some of the industry’s biggest deals, including the $1.2 billion Acquisition of Ste. Michelle Wine Estates from Sycamore Partners in 2021.
To learn more about Bank of the West’s wine and agribusiness expertise, please visit: https://www.bankofthewest.com/commercial-banking.
About Ste. Michelle Wineries
Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and one of the largest premium wineries in The United States. With a remarkable history dating back to 1934, the winery now farms more than 30,000 hectares Washington, Oregonand California and sells its wines in over 100 countries. Ste. Michelle Wine Estates pioneered Vinifera viticulture Washington and remains the driving force behind viticulture and oenology research in the country, including the establishment of the Washington State University viticulture and oenology program and the construction of the university’s research and teaching winery, now Ste. Michelle Wine Estates WSU Wine Science Center.
Ste. Michelle traces its roots back to just after Prohibition was repealed by founding The Pommerelle Company and the National Wine Company (NAWICO) in 1934 and 1935, respectively. Pommerelle and NAWICO merged in 1954 and became American Wine Growers. American wine growers first produced wines under the Ste. Michelle Vineyards label in 1967. Ste. Michelle entered first Oregon with the purchase of Erath in 2006. The Ste. The Michelle Wine Estates portfolio includes Chateau Ste. Michelle, 14 Hands, Columbia Crest, Erath, A to Z, H3, Liquid Light, Intrinsic, REX HILLSpring Valley Vineyard, Patz & Halle and north star, along with several other premium brands. The winery also has partnerships with Marchesi Antinori (Stag’s Leap Wine Cellars and Col Solare), Seriously Locken (Eroika) and Michael Gassier (Principle). Ste. Michelle Wine Estates acts as the exclusive US importer for Marchesi Antinori and Nicolas Feuillatte champagne. For more information, please visit www.smwe.com.
About A to Z Wineworks
A to Z Wineworks captures The Essence of Oregon” by carefully putting together varietal wines exclusively from vineyards that have passed through Oregon’s notable western valleys. The company sets the standard for cool-climate, food-friendly Oregon Pinot Noir, Pinot Gris, and Chardonnay. A to Z is Wineworks Oregon’s best-selling brand known for reliable, affordable quality. For more information visit www.atozwineworks.com.
About the Bank of the West
At Bank of the West, we know that money deposited in a bank has the power to fund positive change. That’s why we take steps to ensure our activities help protect the planet, improve people’s lives and strengthen communities. We are redefining banking for a better future by focusing on areas where we believe we can make a real impact: supporting the energy transition, supporting women entrepreneurs and funding innovative start-ups. As a bank for a changing world, Bank of the West, together with our parent company BNP Paribas, is committed to sustainable finance. Through digital channels and US offices, Bank of the West provides financial tools and resources to more than 2 million individuals, families and businesses.
© 2022 Bank of the West. Member FDIC. Equal Housing Lender. do business in South Dakota as bank of western california.
SOURCE Bank of the West