Duckhorn Portfolio Inc.

NAPA

The Duckhorn Portfolio is the premier scaled producer of luxury wines in North America. We have delighted millions of consumers with authentic, high-quality, approachable wines for over four decades. Founded by our namesake Dan and Margaret Duckhorn in 1976, we began by pioneering merlot wines in Napa Valley and now champion a curated and comprehensive portfolio of highly acclaimed luxury wines across multiple winery brands, varietals, appellations and price points. Our portfolio is focused exclusively on the desirable luxury segment, the fastest-growing segment of the wine market in the United States, according to IRI, which we define as wines sold for $15 or higher per 750ml bottle.

We sell our wines in all 50 states and over 50 countries at SRPs ranging from $20 to $200 per bottle under a world-class luxury portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing and Postmark. We are the largest pure-play luxury wine supplier and the eleventh largest wine supplier by sales value overall in the United States according to IRI for the twelve months ended October 4, 2020.

Our wines have consistently commanded leading market positions in their respective categories and are appealing to a broad consumer base from renowned wine critics to casual wine drinkers. We are the only wine producer this century to have two brands in its portfolio that have won the prestigious Wine of the Year award from Wine Spectator magazine, and we also boast the number one selling luxury cabernet sauvignon in the United States since 2017 according to sales value data from IRI. Another testament to our portfolio strength is the nearly 100,000 consumers who traveled to at least one of our seven renowned tasting rooms located throughout California and Washington for one of our luxury wine experiences in 2019.

Underpinning our success is a relentless focus on quality that has been ingrained in our culture ever since the inaugural harvest of our iconic Three Palms Vineyard in 1978. Today, we collaborate with a vast, diversified network of grape growers and rely on our world-class, company-controlled Estate vineyards to maintain our quality standards and facilitate growth. Each winery brand boasts its own winemaking team to create distinct experiences for consumers, ensure product quality and continuity and galvanize sustainable farming practices. In this era that favors trusted brands with sound values, we believe companies that have a positive impact on society and the environment, like The Duckhorn Portfolio, will be best positioned to thrive. We pride ourselves on being stewards of the land, champions of our employees and communities and committed to the practices and risk management central to good governance. Beyond our winemaking teams is an organization comprised of passionate, talented employees, including a highly tenured executive team that has over 100 years of cumulative experience with Duckhorn. 

Offer Price Offer Size 3-Year Outlook Volatility 1st Day Turnover
$15.00 20,000,000 Positive High 59.26%

Offering Team

Deal Managers

  • J P Morgan Chase
  • Credit Suisse
  • Jefferies

Lawyers

  • Ropes & Gray LLP

Auditors

  • PricewaterhouseCoopers LLP

Pre-IPO Investors

Investors

  • Google Ventures
  • Intel Ventures
  • Patricoff Ventures
  • Kleiner Perkins

Pre-IPO Holdings(%)

  • 30
  • 20
  • 05
  • 18

Deal Highlights

Deal Tracker

Investors

Filing

17 Mar, 2021

Offer

18 Mar, 2021

Look Ahead

Lock Up Expiry

18 Sep, 2021

Earning

Nov 1, 2018

IPO Terms

Offer Price $15.00
Offer Size 20M

Market Sentiments

Stock Price