Benchmark International is pleased to announce the transaction between Mellasat Wine & Fruit and a consortium of private investors.
Mellasat Vineyard and its boutique cellar was created by the Richardson Family in 1996. The vineyard enjoys a spectacular position under the dramatic Klein Drakenstein mountains, together with panoramic views of the Paarl and its famous granite domes. The vineyard boasts a unique white Pinotage vintage amongst its range of award-winning wines.
Stephen Richardson, Chief Executive Officer for Mellasat Wine & Fruit, commented on the transaction, saying, "I’m delighted to have closed this sale successfully and wish the new owners all the best with their future plans for this innovative business. In particular, I enjoyed working closely with the Benchmark International team, who remained measured and professional throughout the process."
John Loubser, Senior Transaction Associate at Benchmark International, added, “it was an absolute pleasure to work with Stephen, the team at Mellasat Wine & Fruit, as well as the investors. We are excited for all parties and wish them every success going forward”.
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $8.25 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the #1 Sell-side, Privately Owned M&A Advisor in the World by Pitchbook’s Global League Tables.