Sale of Virgin Wines to Mobeus Equity and Connection Capital

 
Virgin_Wines.png

TRANSACTION TYPE
Sale

VALUE
£16m

SECTOR
E-commerce

WEBSITE
virginwines.co.uk

 

Argyll Partners acted for Direct Wines, the shareholders of Virgin Wines, in a sale to management backed by Mobeus and Connection Capital.

Virgin Wines

  • leading online wine retailer

  • strong brand with loyal customers

Deal highlights

  • ran a focussed auction respecting vendors desire for confidentiality

  • achieved attractive valuation for vendor