Private Equity Firm to Acquire Duckhorn for $1.95 Billion

Dear Client:   The Duckhorn Portfolio is going back under private equity ownership. This morning the company announced it has entered into a "definitive agreement" with Los Angeles-based private equity firm Butterfly Equity to acquire Duckhorn in a $1.95 billion deal. "Based on our long history of success and innovation, and our position as one of America's most successful luxury wine companies, Butterfly believes strongly in The Duckhorn Portfolio and is fully invested in helping us achieve our next phase of