Venus Wine & Spirit Merchants plc has been acquired by Booker Group Ltd., a subsidiary of Tesco plc
June 2024 — The shareholders of Venus Wine & Spirit Merchants plc have sold the company to Booker Group Ltd., a subsidiary of Tesco plc. The move allows the Tesco subsidiary to bolster its on-trade portfolio through the addition of Venus’ range of over 2,000 spirits, beers, wines and soft drinks.
Founded in 1975, Venus Wine and Spirits Merchants plc is an independent wine distributor with over 140 employees based in the UK. The company provides a reliable and consistent supply with competitive prices, offering a wide product range that includes over 2,000 spirits, a large selection of wines, champagnes and soft drinks, alongside craft, keg and packaged lagers, ciders and ales. It has distribution depots in London and Leeds and manages its own fleet.
Booker Group Ltd. is a market leading wholesale provider based in the UK. It is a subsidiary of Tesco plc. The company supplies approximately 1.5 million businesses across the UK through their national network of distribution centers, cash and carry branches and Best Food Logistics sites.
Our role in the transaction
Oaklins Cavendish, based in the UK, advised the shareholders of Venus Wine and Spirits Merchants plc on the sale of the business to Booker Group Ltd.
Laki Christoforou
CEO, Venus Wine & Spirit Merchants plc
Contáctese con el equipo de la transacción
Transacciones relacionadas
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Aprenda másKPS Food Group has joined ForFarmers Polska, a joint venture controlled by ForFarmers N.V.
ForFarmers N.V. has strengthened its position in Poland’s growing poultry market through the establishment of a joint venture with KPS Food Group, a leading poultry producer with operations spanning farming, slaughtering and food processing. ForFarmers’ existing Polish joint venture, Tasomix, and KPS’s operations have been combined to form ForFarmers Polska, which has an enterprise value of approximately US$585 million. ForFarmers holds a controlling 50.5% stake and will fully consolidate the joint venture. The founders of KPS and Tasomix remain minority shareholders.
Aprenda másTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Aprenda más