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GI Partners completes acquisition of Far Niente Wine Estates

DBR Staff Writer Published 17 June 2016

GI Partners announced the completion of the acquisition of Far Niente Wine Estates, a family-owned winery and vineyard company based in Napa Valley.

Far Niente owns two winery facilities and ten stand-alone vineyard properties in Napa and Sonoma.

Far Niente sells its wines in the national wholesale channel through a network of distributors, sells direct-to-trade in Northern California, and sells direct-to-consumers online and through its visitor centers.

GI Partners has a history of successful investments in the wine industry, including its purchase of Duckhorn Vineyards in 2007.

By implementing new technologies and embracing an omnichannel go to market strategy, GI and the management team have grown revenue and profits threefold.

GI has also provided investment oversight for a portfolio of 26 vineyards owned by CalPERS.

Source: Company Press Release