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Duckhorn Reportedly Preparing For An IPO

February 8, 2021

Napa Valley stalwart Duckhorn Vineyards is reportedly planning to go public. Bloomberg reported over the weekend that Duckhorn, which is owned by TSG Consumer Partners, has reached out to banks ahead of an IPO that could happen as soon as this year. There’s no word yet on a potential valuation for Duckhorn, which has 600 acres of estate vineyards across California and Washington.

According to Impact Databank, the company’s Decoy by Duckhorn brand, retailing at around $25, leapt 27% to an estimated 1.1 million cases in the U.S. last year. Its other labels include the flagship Duckhorn Vineyards, Paraduxx, and Goldeneye. Duckhorn’s Merlot Napa Valley Three Palms Vineyard 2014 was named Wine Spectator’s Wine of the Year in 2017. The 2017 vintage of the same wine ranked 15th in Wine Spectator’s Top 100 Wines of 2020.

TSG Consumer Partners acquired Duckhorn from fellow private equity firm GI Partners for an undisclosed sum in 2016. Since then, the Napa Valley winery has continued to expand both via organic growth and acquisitions, with the latter including a 2017 purchase of Central Coast Pinot Noir specialist Calera as well as Sonoma Pinot powerhouse Kosta Browne a year later.—Daniel Marsteller

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