Napa Valley’s Duckhorn Portfolio of luxury wine brands and Butterfly Equity, a Los Angeles-based private equity firm specializing in the food and beverage sector, announced in October that they entered into a definitive agreement that Duckhorn will be acquired in an all-cash deal for approximately $1.95 billion. Upon completion of the transaction, Duckhorn’s common stock will cease to trade and no longer be listed on the New York Stock Exchange. Duckhorn was established in 1976 with a curated portfolio of premium brands, including Duckhorn Vineyards, Decoy, Sonoma-Cutrer and Kosta Browne. Duckhorn wines are available to luxury consumers on five continents and in more than 50 countries. Following the completion of the transaction, the company will continue to be headquartered in St. Helena, California, and will operate 11 winery brands under The Duckhorn Portfolio name. The transaction, which was unanimously approved by the Duckhorn Board of Directors, is expected to close this winter.