Digital Wine Ventures acquires three businesses in 2020-21
IndustryTechnology & Media
ClientDigital Wine Ventures
Digital Wine Ventures (ASX: DW8) is an Australian based company that invests in technology driven businesses servicing the global wine and beverage industry.
Digital Wine Ventures has made several acquisitions over the last 12 months, including:
- Kaddy Australia (October 2021) - a Sydney based technology company that operates a B2B marketplace within the Australian beverage industry that connects customers to suppliers through their online platform.
- Parton Wine Distribution (July 2021) - a logistics business with operations in Perth, Sydney and Melbourne.
- Wine Delivery Australia (October 2020) - a South Australian based business offering wineries a discounted freight solution through an online transportation management system.
Digital Wine Ventures engaged the BDO team in Sydney, led by Daniel Coote, Partner, Corporate Finance, Marcus Leonard, Partner, Corporate Tax and Nicholas Parry, Partner, Indirect Tax to provide financial and tax due diligence and advice on all three transactions.
“BDO provided detailed commercial insights into each business and identified the key financial and tax issues in each transaction. We were impressed with the quality of BDO’s work and continue to engage BDO for new acquisitions.”
CFO, Digital Wine Ventures