Vincor Closes Offering of Common Shares and Acquires Hogue Cellars

On August 28, 2001, Vincor International Inc., North America's fourth largest producer and marketer of wines, successfully completed its sale of 7.12 million common shares at a price of $14.75 per common share for gross proceeds of $105.02 million. The offering was underwritten by a syndicate of underwriters led by BMO Nesbitt Burns and including Scotia Capital Inc., National Bank Financial, CIBC World Markets Inc. and TD Securities Inc. The net proceeds of the sale of common shares were used to finance the acquisition of Hogue Cellars, a leading super-premium Washington State winery with the balance of the proceeds being used to reduce Vincor's subordinated indebtedness. The acquisition of Hogue Cellars was completed on September 1, 2001.

Vincor relied on a team from Goodmans LLP, which was led by David J. Matlow and included Joel Monson, Neil Sternthal and Mark Sprio, as well as Jay M. Tannon, Alan K. MacDonald, L. Jude Clark, Jr., James E. Mostofi and Patricia A. Harris of Frost Brown Todd LLC, who acted as US legal counsel to Vincor. Acting for the underwriting syndicate led by BMO Nesbitt Burns were John Vettese and Candice D.F. Solomon of Cassels Brock & Blackwell LLP.


Neil A. Sternthal Mark Spiro Joel Monson Alan K. MacDonald John P. Vettese Candice D.F. Solomon L. Jude Clark, Jr. David J. Matlow