Tag Archives: KKR Treasury Wine

Drinking Alone – Treasury Wine Estates Rejects Bids, Will Remain Independent

Drama and alcohol seem to go hand in hand (especially on reality TV) and the wine business is proving to be no exception. The end seemed all but nigh for Australia’s struggling Treasury Wine Estates (TWE.AX) when two different private equity firms, KKR/Rhone and (allegedly) TPG, bid A$5.20 per share for the company. That ~$3.15b valuation already represented a… Read More »

Pass The Red! Takeover Battle For Treasury Wine Erupts

A few months ago we highlighted a bid by private equity giant KKR for Foster’s spinoff Treasury Wine Estates (TWE.AX). The A$4.70 per share bid represented a nice premium (at the time) for the struggling spirits company which remains in the middle of a turnaround plan by new CEO Michael Clarke. The company wasn’t too enamored with the offer… Read More »