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CHAMP-backed Accolade Wines picks up $300m GE Capital financing facility

26 Mar 2014

wineCHAMP Private Equity-backed wine business Accolade Wines has received a $300m financing facility from GE Capital International.

Accolade initially secured a $220m facility from GE in 2011, with the new funding slated for recapitalising the company’s balance sheet to continue its growth.

CHAMP picked up Constellation wines’ Australia and Europe business in 2011 in a deal valued at about $292m, renaming the business Accolade straight away.

The company’s brands include Hardy’s, Bankrock Station and Echo Falls.

Accolade CEO John Ratcliffe said, “We have been partnering with GE for some time.

“GE’s global platform is important to the implementation of our strategy of being a full-service New World wine proposition globally across the three core price segments of value, mid-market and premium.

“We operate globally and working with GE allows us to do this seamlessly across multiple geographies.”

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