TG acts for Chinese investor, Vintage China Fund, on its investment in ASX listed Australian Vintage Limited

11 May 2017

News

Thomson Geer has acted for Chinese investor, Vintage China Fund, on its equity investment and entry into long-term distribution agreements with ASX listed Australian Vintage Limited (AVL).

Thomson Geer advised Vintage China Fund on its subscription for a 15% stake in AVL for $16.5m AUD.  The Thomson Geer team was led by Partner Eugene Fung. He was supported by Senior Associates, Melanie Mitchell and Jamie Kerr, and Associate Siew Mei Fagan.

Vintage China Fund is a newly created investment fund, focusing on opportunities in the wine and beverage industries, which was formed by the founders of YesMyWine (China’s largest online wine retailer).

The deal comprised of a $16.5 million equity placement, giving Vintage China Fund a 15% stake in AVL, and entry by Vintage China Fund into long-term wine distribution arrangements with AVL.