Bank of the West Commercial Banking Group leads the financing of the acquisition of A to Z Wineworks by Ste. Michelle Wine Estates

BNP Paribas manages Sell-Side Advisory

SAN FRANCISCO, September 7, 2022 /PRNewswire/ — West bank, subsidiary of the BNP Paribas group, announced today that it has led the financing of the acquisition of A to Z Wineworks by Ste. Michelle Wine Estates, owned by private equity firm Sycamore Partners. BNP Paribas acted as exclusive financial advisor to A to Z Wineworks and worked closely with Bank of the West on the transaction.

A to Z Wineworks is one of from oregon largest wineries and the world’s first certified B Corp winery. Ste. Michelle is the premier winery in the Pacific Northwest. Some of its popular brands include Chateau Ste. Michelle, 14 Hands, Erath, and in CaliforniaDeer leap.

“Bank of the West’s approach to this deal has proven why they are such a valuable partner to wine industry leaders,” said David Cherie, CEO, Ste. Michelle Wine Estates. “The acquisition of A to Z Wineworks by Ste. Michelle Wine Estates gives us a substantial presence in Oregon and complements our roots in the Pacific Northwest. We believe there are exciting growth opportunities ahead of the combined business and look forward to working with Bank of the West as we continue to expand. »

“We have provided both financing and strategic advice to A to Z Wineworks for over 15 years,” said Adam Beak, Managing Director, Head of Beverage Verticals, Bank of the West. “It was particularly gratifying to facilitate the acquisition for another Bank of the West client. This transaction is the result of a long and successful relationship.”

Bank of the West is one of the nation’s largest commercial lenders to the wine industry and brings deep experience and global connections. Bank of the West has led the financing of some of the industry’s largest transactions, including the $1.2 billion acquisition of Ste. Michelle Wine Estates by Sycamore Partners in 2021.

To learn more about Bank of the West’s wine and agri-food expertise, visit: https://www.bankofthewest.com/commercial-banking.

About Ste. Michelle Wine Estates

Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and one of the largest premium wineries in United States. With a distinguished history dating back to 1934, the winery now operates over 30,000 acres across Washington, Oregonand California and distributes its wines in more than 100 countries. Ste. Michelle Wine Estates pioneered vinifera viticulture in Washington and remains the driving force behind viticulture and enology research in the state, including the creation of the Washington State University viticulture and oenology program and the construction of the university’s research and teaching cellar, now named Ste. Michelle Wine Estates WSU Wine Science Center.

Ste. Michelle traces her roots to shortly after the repeal of Prohibition, through the founding of The Pommerelle Company and the National Wine Company (NAWICO) in 1934 and 1935, respectively. Pommerelle and NAWICO merged in 1954 to become American Wine Growers. American winemakers first produced wines under the Ste. Michelle Vineyards label in 1967. Ste. Michelle entered for the first time Oregon with the purchase of Erath in 2006. The Ste. Michelle Wine Estates portfolio includes Chateau Ste. Michelle, 14 Hands, Columbia Crest, Erath, A to Z, H3, Liquid Light, Intrinsic, REX HILLSpring Valley Vineyard, Patz & Hall, and North Star, as well as several other premium brands. The winery also has partnerships with Marchesi Antinori (Stag’s Leap Wine Cellars and Col Solare), Ernst loosen (Heroic), and Michael Gassier (Principle). Ste. Michelle Wine Estates is the exclusive US importer of Marchesi Antinori and Champagne Nicolas Feuillatte. For more information, please visit www.smwe.com.

About A to Z Wineworks

A to Z Wineworks captures “The essence of Oregon“by carefully blending wines that are faithful to their grape variety, exclusively from vineyards that are scattered from oregon remarkable western valleys. The company sets the standard for cool climate, eco-friendly Oregon Pinot Noir, Pinot Gris and Chardonnay. A to Z Wineworks is from oregon best-selling brand known for its reliable and affordable quality. For more information, visit www.atozwineworks.com.

About West Bank

At Bank of the West, we know that money deposited in a bank has the power to fund positive change. We therefore take steps to ensure that our activities help protect the planet, improve people’s lives and strengthen communities. We are redefining banking for a better future by focusing on areas where we believe we can have a real impact: supporting the energy transition, helping women entrepreneurs and financing innovative start-ups. As a bank for a changing world, Bank of the West is committed to sustainable finance alongside its parent company BNP Paribas. Through digital channels and offices across the United States, Bank of the West provides financial tools and resources to more than 2 million individuals, families and businesses.

© 2022 West Bank. FDIC member. Equal Housing Lender. Do business in South Dakota as the Bank of Western California.

SOURCE Western Bank