National business law firm, DWF, has advised the Henkell & Co. Group, one of the world's leading sparkling wine producers, on the acquisition of a 60 per cent stake in UK wine importer and distributor, Copestick Murray.
Copestick Murray is one of the top wine importers in the UK and the company's portfolio includes the 'I heart' wine brand which has enjoyed global growth since its launch in 2010.
The Henkell & Co. Group entered the UK in 2011 with the launch of its own distribution company. A main focus of the joint venture will be to develop Mionetto as a leading Prosecco brand in the UK.
Dr. Andreas Brokemper, CEO of Henkell & Co. Group, said: "The UK is the largest market for Prosecco Spumante (DOC) outside of Italy and is one of the fastest growing markets for Prosecco overall. This joint venture will enable us to develop Mionetto as a leading Prosecco brand in the UK and we are looking forward to working with the Copestick Murray team.
"We thank Mark Green and his team at DWF for their outstanding service during the whole transaction. Their legal expertise, hard work and attention to detail, deep understanding of the food and drink sector and cross-cultural competence have enabled the parties to smoothly and efficiently close this multi-party deal. Mark advised us in fluent German on the intricacies of English law."
Mark Green, Partner at DWF, led the deal and commented: "We have a great deal of experience in the food and retail sector and were well placed to work with Henkell on a deal that represents growth in the sparkling wine market. The acquisition will allow the group to strengthen its offering in the UK and to grow the Mionetto brand."