Ste. Michelle Sold To Private Equity Firm Sycamore Partners In $1.2 Billion Deal

In case you missed this morning’s news alert, eighth-ranked U.S. wine marketer Ste. Michelle Wine Estates, with volume of 7.3 million cases, is being sold by corporate parent Altria to New York-based private equity firm Sycamore Partners for $1.2 billion. The deal is expected to close in the second half of the year, subject to obtaining financing and other customary closing conditions. Here’s the full story.

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