UK: Wine importer Enotria sold in GBP8.2m deal
Leading UK-based wine importer Enotria has been snapped up by private equity group Isis Equity Partners in an GBP8.2m (US$14.4m) deal. Isis has taken a majority stake in the company.
Italian-born Remo Nardone, who founded Enotria in 1972, will retain a minority stake in the business.
Enotria, which has 92 employees, supplies wines to the on- and off-trade from 13 countries and more than 200 suppliers. It has four distribution depots across the UK.
Isis has left the existing management team in place, introducing Clive Beharrell as chairman and Peter Sheridan (ex-Allied Domecq) as finance director.
Nardone said of the sale: "This evolution has been my preferred route as it ensures continuity and stability to take Enotria into an even greater and successful future."
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