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flag Butterfly Equity acquires luxury wine brand Duckhorn Portfolio for $1.95B in an all-cash deal.

flag Butterfly Equity, a private equity firm in Los Angeles, will acquire luxury wine brand Duckhorn Portfolio for $1.95 billion in an all-cash transaction. flag The deal, announced on Monday, offers $11.10 per share, a 65.3% premium over Duckhorn's recent trading average. flag Following the acquisition, Duckhorn will become privately held and continue to operate its 11 winery brands. flag A 45-day "go-shop" period is part of the agreement, allowing Duckhorn to consider other offers.

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