The facts block is sourced from a single SEC filing: an 8-K filed with SEC EDGAR and published on October 7, 2024. The deal's current status is pending regulatory approval.
On the financial advisory side, KKR Capital Markets LLC acted as capital markets advisor to Butterfly (the sponsor), and is designated as the lead advisor in that capacity. On the target side, J.P. Morgan Securities LLC acted as financial advisor to Duckhorn and is likewise designated as lead advisor.
Legal counsel was also disclosed for both sides of the transaction. Ropes & Gray LLP acted as legal counsel to Duckhorn, the target. Kirkland & Ellis LLP acted as legal counsel to Butterfly, the sponsor.
Beyond the disclosed $1,950,000,000 deal value and its classification as a take-private leveraged buyout, the facts block does not provide further detail on the structure of the transaction, such as the per-share consideration or financing structure of the buyout.
A number of facts are not disclosed in the source material. The facts block does not state an expected closing date for the transaction. It also does not break out the financing structure behind the leveraged buyout, such as the mix of equity and debt being used by Butterfly, nor does it name any other advisors beyond KKR Capital Markets, J.P. Morgan Securities, Ropes & Gray, and Kirkland & Ellis.