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Ravenswood, Blackstone Show How to Sell

Jan 2002 Issue of Wine Business Monthly
The sale of Blackstone Winery for $140 million in October and Ravenswood for $151 million in July surprised many wine industry observers. These transactions reflected the highest multiples of revenues paid in any $50 million and up sale of a US winery in over two years. WR Hambrecht + Co. advised the seller in both transactions.Ravenswood's price of $29.50 per share represented a 118 percent premium over its market price on February 15, 2001, before WR Hambrecht + Co. started its efforts to mark...
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