Verdant IMAP has provided advisory services to a prominent UK private equity firm regarding the sale of Awash Wines SC, a prominent Ethiopian wine producer, to a consortium of strategic investors. This transaction involved an 89% stake in Awash Wines SC.
Established in 1936, Awash Wines is among the oldest and most reputable wine producers in Ethiopia, recognized for its diverse selection of quality wines, including the well-known Axumit, Gouder, and Awash brands. The company boasts a rich heritage and has played a pivotal role in the development of the Ethiopian wine sector.
This transaction further solidifies Verdant IMAP’s reputation as a top advisor for private equity clients in Africa, enhancing its expertise in the FMCG and agri-business sectors. Verdant IMAP has consistently ranked among the top four in the DealMakers Africa league tables for three consecutive years, from 2021 to 2024.
The specific terms of the transaction remain undisclosed.