Recently, Carlyle Investment Group, the world's largest private equity group, offered a buyout deal to Spanish Cava sparkling wine maker CODORNU, however, this buyout deal was rejected by the latter.
Image courtesy of: thedrinksbusiness
Spanish Cava sparkling wine producer CODORNU was officially rejected last week by Carlyle Investment Group in a takeover deal.
Carlyle Capital Group has recently acquired Australian wine giant Merit Wine for A$1 billion, which means that the total market value of Carlyle Capital Group has doubled again.
Although Spanish Cava sparkling wine maker CODORNU refused to accept a majority shareholder buyout agreement from Carlyle Investment Group, the former said it was willing to accept a minority buyout agreement.
The Spanish Cava sparkling wine producer CODORNU had to look for new outside investors and establish a partnership because some of the company"s shareholders were interested in selling their shares.
The Spanish Cava sparkling wine merchant CODORNU was founded in 1551 and, according to a press release last June, the group's annual revenue reached 236 million euros.