Butterfly Equity Completes Acquisition of The Duckhorn Portfolio for $1.95 Billion

Butterfly Equity, a Los Angeles-based private equity firm, announced it has successfully acquired The Duckhorn Portfolio, North America’s leading luxury wine company, for $11.10 per share, in a transaction valued at approximately $1.95 billion. The acquisition marks a significant milestone for Butterfly as it continues to expand its investment presence in the food and beverage sector.

The completion of the transaction resulted in The Duckhorn Portfolio's common stock being delisted from the New York Stock Exchange. The Duckhorn Portfolio, Inc. is renowned for its collection of luxury wineries, state-of-the-art facilities, and expansive vineyards across North America. Butterfly Equity has built a diverse portfolio of food and beverage companies, positioning itself as a key player in the sector. This acquisition underscores Butterfly's commitment to driving transformation and value creation in partnership with industry leaders.