The Duckhorn Portfolio to be Acquired by Butterfly for $1.95 Billion

In The News
October 7, 2024

Ropes & Gray represented The Duckhorn Portfolio in its agreement to be acquired by Butterfly Equity for $1.95 billion. The announcement was made in an Oct. 7 press release.

The Duckhorn Portfolio is North America’s premier luxury wine company, with eleven wineries, ten state-of-the-art winemaking facilities, eight tasting rooms, and over 2,200 coveted acres of vineyards spanning 38 estate properties. Butterfly is a Los Angeles, California-based private equity firm that invests exclusively in the $26 trillion food sector.

The team included private equity partner Elizabeth Gallucci, M&A partner Chris Comeau and counsel Tristan VanDeventer,  executive compensation & employee benefits partner Kyle Higley, finance partner Nichole Lopez-Tackett, employment partner Meg Bisk, and tax partner Pamela Glazier.