find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
SA law firm settles $27m Loxton winery sale

SA law firm settles $27m Loxton winery sale

The wine grape glut isn't enough to sour a $27 million deal that saw one of the world's largest wine company buy a Loxton Winery.

THE wine grape glut isn't enough to sour a $27 million deal that saw one of the world's largest wine company buy a Loxton Winery. 

South Australian law firm Kelly & Co. has advised Australian Vintage Limited on the $27 million sale of its 90,000 tonne Loxton winery to TWG Australia II, the Australian subsidiary of Californian-based Wine Group.

As part of the transaction, completed last Friday, TWG Australia has employed all existing permanent staff working at the winery.

Kelly & Co corporate partner Jamie Restas led the team that advised on all aspects of the deal. The team included property partner, Lachlan Andrews.

The settlement involved the entry into a number of transitional arrangements, including a number of licence agreements with TWG Australia and a three year storage agreement.

Australian Vintage Limited will retain the Austflavour business and associated staff, as well as the existing grower contracts for the supply of grapes in the region.

The net proceeds have been used to reduce debt.

“Australian Vintage Limited is a long standing client of Kelly & Co. Lawyers and we were pleased to be able to assist in what was an important transaction for the company and the Riverland wine region,” Restas said.

“The sale was an important step in executing Australian Vintage Limited’s strategy to be the lowest cost wine producer in Australia.”

Restas said the transaction was one of many that the Mergers and Acquisitions team at Kelly & Co. was working on during a time when the local market was looking strong.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

SA law firm settles $27m Loxton winery sale
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...