Gide Loyrette Nouel (GLN) has wrapped up another wine house acquisition in what the firm sees as a definite trend from Chinese investors towards prestigious French chateaus.
GLN advised King Power Group, a Hong Kong retail conglomerate, on the acquisition of Château Bernadotte from Château Pichon Longueville Comtesse de Lalande, part of the renowned Champagne Louis Roederer group.
GLN’s lead partner in the deal, Guillaume Rougier-Brierre, is an M&A expert who spent four years in the firm’s Beijing office before returning to Paris in 2009. He told China Business Law Journal wine deals are becoming popular for several reasons.
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