Butterfly to acquire premier north american luxury wine company the duckhorn portfolio in $1.95 billion transaction

Los angeles & st. helena, calif.--(business wire)--the duckhorn portfolio (nyse: napa) (“duckhorn” or the “company”), north america's premier luxury wine company, and butterfly equity (“butterfly”), a los angeles-based private equity firm specializing in the food and beverage sector, today announced that they have entered into a definitive agreement (the “agreement”) pursuant to which duckhorn will be acquired by private equity funds managed by butterfly in an all-cash transaction that values t.
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