DAOU VINEYARDS acquired by TREASURY WINE ESTATES (TWE)
Context
Treasury Wine Estates (TWE) has acquired DAOU Vineyards, a leading US estate winery. This acquisition secures TWE a significant agricultural asset in the Paso Robles region, including the prestigious DAOU Mountain vineyards and production facilities. The deal allows TWE to integrate a high-growth, luxury estate into its supply chain, leveraging DAOU's viticultural expertise and premium inventory to satisfy growing global demand for high-end Cabernet Sauvignon.
DAOU VINEYARDS, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.5x).
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Target
Founded in 2007 by brothers Georges and Daniel Daou, DAOU Vineyards is a leading luxury wine producer based in the Adelaida District of Paso Robles, California. The estate is best known for its high-end, Bordeaux-style Cabernet Sauvignon wines, including its flagship PATRIMONY label and the Soul of a Lion vintage. DAOU has differentiated itself through a "consumer-first" culture and best-in-class hospitality experiences at its "DAOU Mountain" tasting room. It was recognized as the fastest-growing luxury wine brand in the US market leading up to the transaction, with a strong following among younger affluent demographics.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 500M - 1.5b USD
Revenue range: 150M - 250M USD
EBITDA range: 50M - 100M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: daou vineyards