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10/2023

DAOU VINEYARDS acquired by TREASURY WINE ESTATES (TWE)

UNITED STATES Agriculture / Permanent Crops & Tree Groves / Vineyards EV $500M–1.5bn

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 [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

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.

Ent. Value

$500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

10x–18x

EV / EBIT

10x–18x

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2023
$150–250M
$50–100M
$50–100M
2022
$150–250M
$50–100M
$50–100M

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04/2026SEAFIRESPLENDOR PLANTSWEDENHorticulture & Flowers
01/2026COBRAM ESTATE OLIVESCALIFORNIA OLIVE RANCH (COR)UNITED STATESOlive Groves & Oil
03/2025EURAZEOBIOLINE AGROSCIENCESFRANCESpecialized & Indoor Farming
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REFERENCES

Valuation range: EV $500M–1.5bn

Revenue range: $150–250M

EBITDA range: $50–100M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DAOU VINEYARDS by TREASURY WINE ESTATES (TWE) are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: daou vineyards