Lincoln International advises Racke GmbH + Co. KG (Bingen am Rhein) on the sale of the Amselfelder/Rosière, Amselkeller, Bongeronde, Fuego and Viala brands as well as the production facilities in Mainz-Hechtsheim to Les Grands Chais de France (Petersbach, France)
Frankfurt, February 2008 with approximately 100m in group sales and sales quantity of around 40 million bottles in business year 2006/2007, Racke GmbH + Co. KG ("Racke") is one of the leading companies within the German wine industry. Alongside its own lines (Blanchet and Vitae), Racke also produces a whole array of well known brands, such as Condorniu, Lamberti and Yellow Tail. The third pillar of the company consists of international joint venture wines such as Golden Kaan and Espiritu de Chile. Racke currently employs 140 staff at its main facility in Bingen am Rhein; a further 60 employees are located in Mainz.
In order to further promote its new company strategy, Racke is selling its Amselfelder/Rosière, Amselkeller, Bongeronde, Fuego and Viala brands as well as the bottling plant in Mainz-Hechtsheim including all the resident workers to Les Grands Chais de France ("LGCF"), one of the largest wine companies in France. The company, with its headquarters in Petersbach in Alsace, achieved sales of almost 600m last year with sales volume of around 350m bottles. The transaction is subject to approval by the antitrust authority.
"Not only is the great outcome of this transaction owed to the efforts and experience of Lincoln International, but also the considerable optimised purchase price", Moller-Racke, CEO and President of the Racke Group.
The successful conclusion of this transaction marks yet another cross border deal for Lincoln International and also fits in extremely well with the company's expansion strategy, also illustrated by the recent opening of an office in London; the company is well armed for future projects of this kind.
For further information relating to this transaction, please contact Frank Winter, Managing Director on +49 69 97 105 454. Other deal team members included Hans Peter Peters, Dirk Langenbach and Andreas Kulcsar.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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