Napa, Calif.—TSG Consumer Partners, a San Francisco-based private equity investor group, announced that it is acquiring Duckhorn Wine Company from GI Partners. 

According to the statement announcing the deal, the transaction includes all six Duckhorn Wine Company wineries: Duckhorn Vineyards, Goldeneye, Paraduxx, Migration, Decoy and Canvasback and their corresponding properties, along with more than 600 acres of estate vineyards, including the Three Palms Vineyard in Napa Valley. All employees are being retained, including the winemakers for all six wineries, and the company will continue to be guided by President and CEO Alex Ryan, who has been with DWC since 1988. Dan and Margaret Duckhorn will also remain involved.

“Duckhorn Wine Company is one of the most respected wine portfolios in the world,” said TSG President Jamie O’Hara. “Duckhorn boasts six wineries that are all recognized as benchmarks for their regions and categories, and a world-class estate program spanning California’s Napa Valley, Sonoma County, and Anderson Valley, and Washington State’s Red Mountain. … Our goal is to support the company’s vision and to use our consumer expertise to bring the Duckhorn portfolio of wines to an even broader global audience.”

TSG Consumer Partners LLC has $5 billion of assets under management and is focused exclusively on the branded consumer sector. Since its founding in 1987, TSG has been an active investor in the food, beverage, beauty, personal care, household and apparel and accessories, and e-commerce sectors. 

During the sale process, Credit Suisse Securities (USA) LLC has served as exclusive financial advisor to GI Partners, and Gibson, Dunn & Crutcher LLP has served as its legal counsel. Ropes & Gary LLP served as TSG’s legal counsel. The transaction is expected to close in 45 days, and TSG did not disclose the amount it is paying for Duckhorn.