Monday, September 18, 2006

SOLD! Arrowood, Byron and Freemark Abbey Wineries

FreAbArWodBynSOLD-w.jpgLegacy Estate Group LLC ("Legacy") today completed the sale of substantially all of its assets to Kendall-Jackson Wine Estates, Ltd. and/or its assignees ("Kendall-Jackson"). Legacy was the owner of three highly-acclaimed luxury and ultra-premium wineries: Arrowood Vineyards & Winery, a Sonoma Valley, California winery founded by Alis and Richard Arrowood and previously owned by Robert Mondavi; Byron Vineyard & Winery, a Central Coast of California producer founded by Ken Brown and previously owned by Robert Mondavi; and Freemark Abbey Winery, an historic Napa Valley, California producer whose wines were chosen to be part of the famous Paris Wine Tasting of 1976. Chanin Capital Partners, a specialty investment bank, served as exclusive financial adviser and structured and negotiated the transaction on behalf of Legacy.

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