ISIS-backed Enotria in acquisition

Wine distributor Enotria, which is backed by venture capitalist ISIS Equity Partners, has bought Bath-based Great Western Wine Company.

The acquisition was completed with further financing from ISIS, which invested £8.2 million in a management buy-out of Enotria in December 2005.

Great Western Wine’s managing director Philip Addis, who founded the company, will join Enotria’s board under the terms of the transaction.

The deal follows Enotria’s acquisitions of Wheeler Cellars and Select Vineyards in 2008, which were also backed by ISIS.

London-headquartered Enotria has recently appointed ex-Majestic chief executive Tim How to its board as deputy chairman.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...