Enotria Winecellars, a portfolio company of ISIS Equity Partners has acquired Great Western Wine Company Ltd., a Bath, England-based wine distribution company. No financial terms were disclosed.
ISIS Equity Partners (“ISIS”) are pleased to announce the acquisition of Great Western Wine Company Ltd (“Great Western Wine”) by Enotria Winecellars (“Enotria”), its investee company. Enotria is one of the UK’s leading national wine distributors with over 35 years experience of supplying both On and Off-Trades. Like Enotria, Great Western Wine’s primary business is the On Trade, where it enjoys an exceptional reputation for wine expertise and customer service, backed up by a portfolio of boutique and family-owned wine estates.
Great Western Wine is a well-established wine supply business based in Bath and was founded 27 years ago by their Managing Director, Philip Addis who will be joining the Enotria Board as part of this transaction.
This is the third time ISIS has backed the management team at Enotria. In December 2005, ISIS completed the management buyout of Enotria investing £8.2m to enable the Founder, Remo Nardone to realise his stake in the business. In July 2008, Enotria acquired Wheeler Cellars and Select Vineyards.
Alison Levett, Chief Executive of Enotria, comments, “I am absolutely thrilled that such a high quality business as Great Western Wine is becoming part of Enotria. Like Enotria, Great Western Wine has been founded on a passion for wine, a portfolio of fabulous family wine estates and a total commitment to service, so I am extremely confident that we will have an exciting time working together over the coming years. Of course our first concern for both staff and customers is to ensure a smooth transition and a warm welcome from Enotria.”
Enotria have also recently announced the appointment of Tim How as Deputy Chairman, with immediate effect.
Tim spent 19 years as Chief Executive at Majestic, and since then has taken on non-executive roles at Henderson Group plc and DSG International plc. He is also Chairman of Rayner and Keeler, a private optical products business, a governor of the Peabody Trust and the current Chairman at the Wine & Spirit Trade Association.
Commenting on Tim’s appointment, Alison Levett said “I am very pleased to have Tim How join the Enotria Board. He brings exceptional knowledge and experience of the wine sector, and I know he will be a great asset to our business. I am really looking forward to working with him and the fresh perspective that he will undoubtedly provide.”
Mark Turner led the investment for ISIS. He commented “We are delighted to continue to support the Enotria team in building a really top-class wine distribution business both in the UK and overseas. The acquisition of Great Western Wine represents an important component in this growth strategy.”