LGI WINES

Focused on foreign markets since its creation 20 years ago, LGI has built a network of suppliers (partner cooperatives) and customers (importers, wholesalers, distribution chains) to offer wines to suit the tastes of consumers all over the world. LGI found itself confronted with the challenge of gradually transferring equity and managerial control. Initiative & Finance acquired a majority stake via a custom private equity operation to pave the way for a transition towards a buyout by a team of the founder's close associates. Initiative & Finance played a decisive role in preparing the succession and choosing the new boss, provided the old CEO with progressive liquidity, and orchestrated a "second round" to allow the management to take control of the group. A third round strengthened the management's control of the firm's equity, their stake rising to 90%, and marked the exit of Initiative & Finance.