Chapel Down considers sale amid strategic review

English sparkling wine producer Chapel Down is undertaking a strategic review of options to fund its long-term growth plan.

Alternatives on the table include investment from existing or new shareholders, a sale of the company or other relevant transactions.

Chapel Down’s growth strategy includes investing in new vineyards, a new purpose-built winery to be operational for the 2026 harvest (subject to planning approval expected to be granted this summer) and developing a new facility at its base in Tenterden, Kent.

The company says it remains on-track to deliver double digit sales growth in 2024 and has significant headroom to its existing £12m debt facility, which it has reached agreement in principle to extend and increase.

Rothschild & Co is acting as lead financial adviser in relation to the strategic review, while Singer Capital Markets is Chapel Down’s nominated adviser and broker.

Last year the brand signed a deal to become the official English sparkling wine supplier of Ascot Racecourse, with the agreement commencing this year.