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German Wine Logistics Group Hillebrand Shortlists Private Equity Groups In Sale

Published on Jun 24 2021 1:25 PM in Drinks tagged: Hillebrand / liquor logistics

German Wine Logistics Group Hillebrand Shortlists Private Equity Groups In Sale

Hillebrand has shortlisted several private equity groups as potential buyers of the German wine logistics group in a deal that could value the business at up to €1.5 billion, people close to the matter said.

Bidding Process

CVC, Onex, Rhone, and Lindsay Goldberg are among those who have advanced to the second round of bidding, with offers worth 11-13 times Hillebrand's expected 2021 core earnings of €120 million, the sources said, adding final bids are due next month.

Belgian investor Cobepa, which is working with Rothschild on the divestiture, put the alcoholic beverage freight forwarder up for sale as an online shopping boom during the COVID-19 pandemic saw demand for its services spike.

Hillebrand, Cobepa, Rothschild, and the bidders declined to comment or were not immediately available for comment.

News by Reuters, edited for Hospitality Ireland by Conor Farrelly. Click subscribe to sign up for the Hospitality Ireland print edition.

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