Private equity firm invests in Bodega Luigi Bosca wines
Arizu family will continue to run and manage wine brand
Bodega Luigi Bosca | Familia Arizu, Mendoza, Argentina, announced that it has received a strategic investment from the Latin American fund of L Catterton, a global consumer-focused private equity firm. Through its investment, L Catterton will partner with the Arizu family to support the global growth of the winery's iconic brands and their long-term vision to expand into the priority international markets, it says. Terms of the transaction were not disclosed.
Bodega Luigi Bosca will continue to be run and managed by the Arizu family, who have built and developed the prestige and preeminence the winery enjoys today.
Alberto Arizu Jr. of Bodega Luigi Bosca said in a statement: "L Catterton's investment is an acknowledgment of the hard work our family has invested into this business for more than 100 years and an affirmation of the global potential of Argentina's fine wines. This partnership offers us the opportunity to further our quest for excellence in winemaking and to introduce our wines to a larger international audience, while remaining true to our heritage. We are incredibly proud of what we produce and the success we have achieved, and we are excited to build on our accomplishments with L Catterton."
Dirk Donath, managing partner, L Catterton Latin America added: "Bodega Luigi Bosca has forged its prestigious reputation domestically over many years and is rapidly gaining increasing recognition abroad. Bodega Luigi Bosca produces some of the highest-quality Malbec wines in the classic Mendoza style which established Argentinean wine globally and has expanded beyond that to other grape varietals and different expressions of Malbec. We are thrilled to partner with the Arizu family to support their brand's continued expansion in key growth markets, including the U.S., U.K., Braziland China. There is a new wave of distinctive Argentine wines emerging in alignment with modern wine consumption trends, and we see Luigi Boscaas extremely well positioned to be at the forefront of that Argentine renaissance, building on the solid foundations of its illustrious history and established vineyards. We believe the opportunity for this brand and business is hugely exciting, and we look forward to working with the Arizu family to support their passion and vision for the future."
The transaction is subject to customary regulatory approvals and closing conditions and is expected to close once these have been completed.