Private Equity Interest Good for the Wine Biz

Dear Client: Private equity firms are showing more attention to the wine business and this is a good thing, said Australian Vintage chairman Ian Ferrier during the company's first half results. Note that Constellation recently sold 80% of its Australian and UK wine business to CHAMP and private equity firm Cerebus made a failed bid for Treasury Wine Estates last year. "We see this interest from financial investor in the wine sector as a positive sign," he said. Australian wine