CHAMP Private Equity cleans up on Accolade Wines UK drinks sale

CHAMP Private Equity has had a big win in the United Kingdom, walking away with a six-fold return after the sale of Accolade Wines’ 50 per cent share in the UK’s biggest drinks distributor to pubs, Matthew Clark. CHAMP’s share of the profits of the sale of Matthew Clark is about $200 million, with the other half of the business having been owned by Punch Taverns in the UK. The Matthew Clark business has been sold to another company called Conviviality Retail after a sales process, which delivered a big windfall to Accolade and its 80 per cent owner, CHAMP.