Sebastiani/Foley Acquisition Update

The CIA has nothing on Sebastiani when it comes to keeping confidential information secret.

However, Sebastiani Vineyards and Winery did offer a few more details in a news release today which WII’s Saturday article did not contain.

According to the release, Credit Suisse Securities (USA) LLC acted as exclusive financial adviser and Sheppard, Mullin, Richter & Hampton LLP acted as legal advisor to Sebastiani Vineyards, Inc.

In addition, the sale (financial details still unavailable) includes the tasting room, processing facilities and vineyards as well.

Vineyards Included in Acquisition

According to new owner Bill Foley, “We are also excited to acquire the historic Sebastiani tasting room and event center in downtown Sonoma which hosts over 225,000 visitors per year, as well as approximately 100 acres of producing vineyards in the Carneros and Sonoma Mountain appellations, including the famed Cherry Block Vineyard.”

Sebastiani spokesman John Calmeyer said the winery would have no further comment until after the sale closes, estimated to be mid-January 2009.