Ontario Teachers’ completes $1.03 bln buy of Canadian wine business
The private equity group of Ontario Teachers' Pension Plan has closed its acquisition of the Canadian wine business of Constellation Brands Inc. The deal, announced in October, was valued at $1.03 billion. Ontario Teachers' did the deal in partnership with Constellation Brands Canada's management. The acquired assets include wine brands, such as Jackson-Triggs and Inniskillin, as well as wineries, vineyards, offices, facilities, and Wine Rack retail stores. Ontario Teachers' said the business is the leader in Canada with about three times the market share of its closest competitor.
19 December 2016•2 mins read
