MCWILLIAM’S WINES TO ACQUIRE EVANS & TATE

Australian-based Evans & Tate have reportedly named the Pendulum Capital/McWilliam’s Wines consortium as the preferred purchaser for E&T’s Margaret River business (including the Margaret River Classic, Evans & Tate Margaret River, Gnangara, The Reserve and X&Y brands). The sale is expected to be finalized on or around November 30. Terms of the sale are confidential.

Pendulum will not actually fund the deal or take a stake in E&T but will merely serve in an advisory role to McWilliam’s. Last month, McWilliams won the rights to distribute E&T wines.