Luxury wine brand Duckhorn up for sale

Los Angeles-based Butterfly Equity has agreed to acquire The Duckhorn Portfolio, including brands like Decoy, Sonoma-Cutrer and Duckhorn Vineyards, in an all-cash transaction valued at $1.95 billion. Duckhorn stockholders will receive $11.10 per share, and the company will go private following the deal.

Vishal Patel, a partner at Butterfly Equity, praised Duckhorn as a “leading pure-play luxury wine producer” with a strong portfolio and fundamentals.

The Duckhorn Portfolio (NYSE: NAPA) went public in March 2021 at an initial offering price of $15 per share. Shortly after, the stock hit its all-time high of $24.01 per share in June 2021. Since then, the stock price has experienced a steady decline due to various market pressures.

By 2024, the stock traded significantly lower, hovering around $6.50-$7.00. In early October 2024, the stock closed at around $5.43, marking a steep drop from its IPO price.

It’s brands include
Duckhorn Vineyards (the flagship brand)
Decoy (offering more accessible wines)
Paraduxx (blended wines)
Goldeneye (focused on Pinot Noir from the Anderson Valley)
Canvasback (Washington State wines)
Kosta Browne (high-end Pinot Noir)
Calera (also known for its Pinot Noir)