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Bespoke Capital Provides Update on Proposed Combination With Vintage Wine Estates

Retrieved on: 
Monday, April 26, 2021

b'TORONTO and SANTA ROSA, Calif., April 26, 2021 (GLOBE NEWSWIRE) -- Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U) provided an update on progress toward completing its business combination with Vintage Wine Estates ("VWE").\nFunds managed by Wasatch agreed last week to increase their investment in Bespoke.

Key Points: 
  • b'TORONTO and SANTA ROSA, Calif., April 26, 2021 (GLOBE NEWSWIRE) -- Bespoke Capital Acquisition Corp. (NASDAQ: BSPE) (TSX: BC.U) (TSX: BC.WT.U) provided an update on progress toward completing its business combination with Vintage Wine Estates ("VWE").\nFunds managed by Wasatch agreed last week to increase their investment in Bespoke.
  • On Friday, April 23, Bespoke was pleased to announce an additional $100 million investment at $10.00 per share.
  • Bespoke believes the investment represents a strong endorsement of the VWE combination.
  • However, the failure to approve these measures could adversely affect the proposed VWE combination and may result in BCAC being wound-up and the BCAC warrants expiring worthless.

Vintage Wine Estates, One of the Fastest Growing U.S. Wine Producers, to Become a Public Company

Retrieved on: 
Thursday, February 4, 2021

The combined company will be named Vintage Wine Estates, Inc.

Key Points: 
  • The combined company will be named Vintage Wine Estates, Inc.
  • In addition, the Company deploys a well-balanced omni-channel strategy encompassing direct-to-consumer, wholesale and exclusive brands arrangements with national retailers.
  • Vintage Wine Estates Investment Highlights:
    Large and Growing Industry The highly fragmented US$45+ billion U.S. wine industry has seen consistent and sustained growth over the past 25 years.
  • We are excited to partner with BCAC and transition VWE to be a public company, said Pat Roney, founder and CEO of VWE.