Bank Of The West Commercial Banking Group Leads Financing For The Largest Private Equity Purchase Of A U.S. Wine Company

Bank of the West, part of BNP Paribas Group, announced that it led the financing for the acquisition of Ste. Michelle Wine Estates by the private equity firm Sycamore Partners Management (SPM). SPM purchased Ste. Michelle Wine Estates for $1.2 billion, making it the largest private equity purchase of a wine business in the U.S.