Accolade Wines initially secured a US $220m financing facility from GE Capital International in 2011.
This latest finance solution provides upsized global facilities to Accolade Wines as the company recapitalises its balance sheet to fund the continued global growth of the business.
“We have been partnering with GE for some time,” said John Ratcliffe, CEO, Accolade Wines. “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.”
© FoodBev Media Ltd 2024