Sheppard Mullin Advises DAOU Vineyards in Sale to Treasury Wine Estates
Sheppard Mullin is representing DAOU Vineyards ("DAOU"), the fastest-growing luxury wine brand in the U.S. trade in the past year, in its acquisition by Treasury Wine Estates, one of the world's leading wine companies. DAOU is recognized throughout the industry for its award-winning Cabernet Sauvignon-based PATRIMONY wines, unique consumer profile and benchmark-setting luxury experiences. Treasury will acquire DAOU for $900 million plus an additional earn-out of up to $100 million. The acquisition, which is expected to be completed in 2023, includes the DAOU brand, DAOU Mountain Estate and hospitality site, four boutique luxury wineries and around 400 acres of vineyards in the coveted Adelaida District of Paso Robles.
The Sheppard Mullin deal team advising DAOU is led by partner Stephanie Zeppa, with key support from associates Robert Kay and Eugene Choi. Invaluable assistance is being provided by partners Katharine Allen, Shaun Clark and Josh McLane.
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