GI Partners has acquired Napa Valley-based Far Niente Wine Estates, a winery and vineyard company. No financial terms were disclosed.
SAN FRANCISCO, June 16, 2016 – GI Partners, a leading middle market private equity firm, announced that it has completed the acquisition of Far Niente Wine Estates, a family-owned winery and vineyard company based in Napa Valley.
Far Niente owns two winery facilities and ten stand-alone vineyard properties in Napa and Sonoma. Far Niente sells its wines in the national wholesale channel through a network of distributors, sells direct-to-trade in Northern California, and sells direct-to-consumers online and through its visitor centers.
GI Partners has a history of successful investments in the wine industry, including its purchase of Duckhorn Vineyards in 2007. By implementing new technologies and embracing an omnichannel go to market strategy, GI and the management team have grown revenue and profits threefold. GI has also provided investment oversight for a portfolio of 26 vineyards owned by CalPERS.
About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity firm based in San Francisco. The firm currently manages over $12 billion in capital commitments through private equity and real estate strategies for recognized institutional investors across the globe. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.