Quercus announces acquisition in fine wine retail

June 1, 2020
Andrew Clegg

Quercus Corporate Finance is delighted to announce the acquisition of Domaine Direct by Flint Wines.

The Quercus team was led by Andrew Clegg and Nick Standen who acted for the board of Flint Wines on the acquisition.

Headquartered in London, Domaine Direct was originally set up in 1981 by the late Hilary Gibbs, an acknowledged industry pioneer, who built her reputation on sourcing the best wines from across Burgundy and selling to top restaurants, shops and collectors.

Established in 2006, Flint Wines supplies some of the UK’s top restaurants and wine merchants. It specialises in Burgundy, North America and Italy and works directly with over 150 producers from around the world. Flint Wines sells also sells to the public through its Stannary Wines brand. Flint’s management are pursuing an ambitious growth strategy, seeking to further develop their wine range and market penetration both organically and through further acquisition.

Andrew Clegg, Quercus Partner commented:

“This is an important step in Flint Wines’ strategy to expand its presence across the UK and very good news for growers and customers alike given the shared passions of both businesses. Transacting during lockdown has not been easy but common-sense on all sides and a high degree of collaboration ensured we could meet a challenging timetable.”

Sam Clarke, Flint Wines founder added:

“We are delighted that the Domaine Direct business is now part of the Flint Wines family and look forward to building on Hilary Gibbs’ considerable achievements. I do not underestimate the challenges of doing deals in the present environment and we are very grateful to the Quercus team whose advice has been excellent. Without their insight, proactivity and support I fear we may not have reached the finishing line.”

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