Just Wines nabs drinks rival Beer Cartel in M&A deal
Online drinks retailer Just Wines has bought craft beer seller Beer Cartel and its Brewquets gifting brand, after earlier picking up administrators' sales Sans Drinks and Liquor Loot.
Company
Every published round Just Wines took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Just Wines has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Just Wines, as distinct from the investments it has made.
Companies Just Wines has backed that another company then bought. An exit for the holding, not a deal Just Wines did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Just Wines is recorded as having been acquired. | ||||
Companies Just Wines acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Sans Drinks | Acquisition | Aug 2023 | - | Startup Daily (8 Jul 2024), Startup Daily (25 Aug 2023) |
| Liquor Loot | Acquisition | Apr 2024 | - | Startup Daily, SmartCompany |
| Name | Role | Sources |
|---|---|---|
| Nitesh Bhatia | Founder | Startup Daily (8 Jul 2024), Startup Daily (25 Aug 2023) |
Stories naming Just Wines. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Online drinks retailer Just Wines has bought craft beer seller Beer Cartel and its Brewquets gifting brand, after earlier picking up administrators' sales Sans Drinks and Liquor Loot.
Irene Falcone's non-alcoholic drinks retailer Sans Drinks has been sold to Just Wines via a creditor-approved rescue deal after entering administration, securing better returns for creditors than liquidation.
Also Startup Daily