Fladgate Partnership buys three estates

 In Companies, News, Wine

Law firm EDGE is to act on behalf of The Fladgate Partnership for the purchase of three estates from Ideal Drinks.

The wine estates involved are: Quinta da Bella in the Dão, Quinta Colinas de São Lourenço in Bairrada and Quinta da Pedra in the Alto Minho.
The transaction also involved a long-term contract for Quinta do Paço da Palmeira and the purchase of all of its brands of wine and stocks and the absorption of 34 employees.
The EDGE team involved in the operation was coordinated by partners Geoffrey Graham and Gonçalo Figueira and on the employee side by Cláudia Vaz Póvoa.
The Fladgate Partnership is a holding company that has businesses in Port Wine, tourism and distribution. The original company of the group is Taylor’s Port, which was founded in 1692. However, in 2001 it acquired Croft Port, which was founded in 1588 and celebrated its 430th anniversary in 2018. With its other brands (Fonseca Port and Krohn Port) The Fladgate Partnership is a leading player in producing special category Port, which it sells in over 105 countries.
It has been a pioneer in Port and, more recently, in tourism. The creation of The Yeatman Hotel, which opened in 2010, was arguably the catalyst that started the tourist boom in the city of Porto. It also owns the Vintage House Hotel in Pinhão. Pinhão is the heart of the quality vineyard area of Port production and the hotel is close to the 500 hectares of vineyards that the group owns.
Ideal Drinks is a Portuguese export company that produces and distributes wines, distilled drinks, and premium olive oils. The sub-holding of the group IDEALTOWER, IDEALDRINKS was created in 2010 by entrepreneur Carlos Dias who is recognised internationally and decided to invest in Portugal when the county was going through a profound recession and shortly before it sought external financial support from a troika of International lenders in 2011.

Photo: Adrian Bridge, CEO Fladgate Partnership.