Commercial law firm Hill Dickinson has advised Freixenet Copestick, a leader in the sparkling wine category, on the sale of Slurp Wine Company to Waud Wines.
Founded in 2019, when Freixenet UK and Copestick Murray merged to become Freixenet Copestick, the Newbury based company is the UK’s leading supplier of sparkling wines.
Slurp, one of the first online wine merchants in the UK, is expected to boost annual sales to approximately £7 million for the privately owned Waud Wines.
Specialising in wine sales, investment, trade, corporate wine tasting, wine tours and online wine sales, the purchase sees Waud Wines strengthen and broaden its wine offering, complimenting their existing private client offering and building on their expanding portfolio of wine-related businesses.
Freixenet Copestick was advised by members of Hill Dickinson’s Corporate team: Partner Sandip Khroud, Legal Director Tamanna Keir and Associate Alice Rusling.
Having advised Freixenet Copestick for a number of years, we were pleased to support them again on the sale of Slurp. The deal reflects the ongoing strength of e-commerce in the drinks sector and the growing value of direct-to-consumer platforms.Sandip Khroud
Corporate Partner at Hill Dickinson
Commenting on the deal, Sandip said: “Having advised Freixenet Copestick for a number of years, we were pleased to support them again on the sale of Slurp. The deal reflects the ongoing strength of e-commerce in the drinks sector and the growing value of direct-to-consumer platforms.”
Robin Copestick, Managing Director at Freixenet Copestick, added: “I have admired the Waud Wine business for a long time and I am excited to see the ongoing success of Slurp under this ambitious new ownership.”