UPDATED: Yealands Wine hires UBS for capital raising advice

Mon, 08 Dec 2014

(Adds details of expansion plans) Dec. 8 (BusinessDesk) - Yealands Wine Group, New Zealand's sixth-largest wine exporter, has hired investment bank UBS to advise on capital-raising options, including an initial public offering to expand its vineyard assets and grape supply. The company, which is majority owned by founder Peter Yealands, didn't give a capital raising target. Yealands Wine was created in 2011 through the merger of Yealands Estate Wines and Ager Sectus Wine Estates. It has1,200 hectares of vines and exports more than 1 milli...

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