Australian law firm Johnson Winter Slattery and American firm Sheppard Mullin are advising American winemaker DAUO Vineyards on a significant $1 billion sale to Australia’s Treasury Wine Estates. Also involved in the transaction is Herbert Smith Freehills, which is guiding Treasury Wine Estates through the acquisition process.
The transaction includes not only the DAUO brand but also encompasses DAUO Mountain Estate and its hospitality site, four boutique luxury wineries, and around 400 acres of vineyards located in the prestigious Adelaida District of Paso Robles.
With the specifics of the deal and its negotiations carefully navigated by these experienced legal teams, this billion-dollar sale underscores the value and potential of the wine business on a global scale.
Full details of the arrangement can be found in this Law.com article.