find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
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
Scales of Justice
Oct 19 2017
‘Ego status’ compelled ex-lawyer to defraud $2.97m, court told
Debarred lawyer John Gordon Bradfield told an NSW District Court that he was driven by “ego status...
Australian Lawyers Alliance (ALA), Queensland’s new industrial manslaughter legislation,
Oct 19 2017
ALA welcomes ‘tough’ Qld manslaughter laws
The Australian Lawyers Alliance (ALA) has welcomed Queensland’s new industrial manslaughter legisl...
Legal podcasts, tune in, microphone
Oct 19 2017
Legal podcasts you have to tune in to right now
The rise of the internet has hailed in a new dawn for storytelling. Here’s our top pick of podcast...
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 & ...