Cordier by InVivo Acquired by AdVini | Consumer M&A Deal

AdVini has completed the acquisition of Cordier by InVivo, a consumer other business in France, for $10M–$25M. AdVini acquisitions expand wine distribution and brand portfolio through Cordier by InVivo’s viticulture and commercial presence, including operations across the Netherlands, Belgium, the United States, Canada, and Japan. Cordier by InVivo provides brands and distribution networks that support AdVini’s strategic acquisition goals, including entry into sparkling wines via Café de Paris and strengthening in Bordeaux, with added export revenue potential around €50M. The add on acquisition was executed via issuance of 239,314 ordinary shares and repayment of 91,651 treasury shares at €35.20 per share, with Cordier by InVivo ending with a 7.9% stake in AdVini.