Far Niente Wine Estates Acquires Prestigious Napa Cabernet Sauvignon Vineyard
June 21, 2017
Napa Valley, CA, June 21, 2017 – Far Niente Wine Estates, the company that includes Far Niente and sister wineries Dolce, Nickel & Nickel, EnRoute and Bella Union, has acquired a 60-acre Napa Valley vineyard planted primarily to Cabernet Sauvignon. Located in the Rutherford Bench, this is the first vineyard the company has purchased since San Francisco-based private equity firm GI Partners invested in Far Niente Wine Estates in June 2016.
Planted between 2009 and 2015, the parcel is situated west of State Route 29 and is adjacent to the famous Bosché vineyard, one of the sites that helped develop the Napa Valley’s worldwide reputation for preeminence in Cabernet winegrowing.
“Cabernet Sauvignon has played a major part in our winemaking program since Far Niente’s first Cabernet vintage in 1982. We are extremely pleased to have added such a fine vineyard to our Napa Valley Cabernet holdings. I’m confident it will make an outstanding single-vineyard Cabernet Sauvignon addition to the Nickel & Nickel portfolio,” said Dirk Hampson, chairman and director of winemaking.
About Far Niente Wine Estates
Far Niente was established in Oakville, CA in 1885 and prospered until the onset of Prohibition in 1919, when the winery ceased operation and the estate was abandoned. Sixty years later, in 1979, the old stone shell of a winery underwent a three-year renovation, which restored the building to its original, 19th century grandeur. During restoration the name, “Far Niente,” which romantically translated means “without a care” was found carved in stone on the front of the building.
Far Niente helped create the high-end Napa Valley wine market and has served as the benchmark wine estate for more than three decades. Dolce, the only North American winery devoted to a single-late harvest Napa Valley wine was introduced in 1989. Nickel & Nickel, launched in 1997, is focused on producing single-vineyard, 100 percent varietal, Napa Valley Cabernet Sauvignon. EnRoute, established in 2007 in the Russian River Valley, is dedicated to the appellation’s Pinot Noir. Most recently Bella Union, devoted to Napa Valley Cabernet and located along Bella Oaks Lane in Rutherford, introduced its first wine with the 2012 vintage. Together with Vinescape, its vineyard management arm, the wineries comprise Far Niente Wine Estates.
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.