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Vintage China Fund in it for the long haul

Two firms have advised in a deal which saw Vintage China Fund enter into an equity investment and long-term distribution agreement with an ASX-listed company.
May 17, 2017 • By Emma Musgrave
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Deal: Vintage China Fund has been advised on its equity investment and entry into long-term distribution agreements with Australian Vintage Limited (AVL).

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Value: $16.5 million

 
 

Area: M&A

Key players: The Thomson Geer team was led by partner Eugene Fung. He was supported by senior associates, Melanie Mitchell and Jamie Kerr, and associate Siew Mei Fagan.

Deal significance: Vintage China Fund is a Chinese investor. It is a newly created investment fund focusing on opportunities in the wine and beverage industries, which was formed by the founders of YesMyWine (China's largest online wine retailer).

Meanwhile, AVL is an ASX-listed company.

According to a statement from Thomson Geer, the firm advised Vintage China Fund on its subscription for a 15 per cent stake in AVL for $16.5 million.

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The deal comprised of a $16.5 million equity placement, giving Vintage China Fund a 15 per cent stake and entry into long-term wine distribution arrangements with AVL.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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