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Accolade Wines is an international wine business with headquarters in South Australia and corporate offices in Melbourne. It has been owned by The Carlyle Group, an American private equity company, since 2018. Accolade, which predominantly uses the Hardy's label, is one of the worlds largest winemakers, has more than 1700 employees around the world, with operations in North America, the United Kingdom, Ireland, mainland Europe, South Africa, Australia, New Zealand and Asia. History Accolade Wines traces its beginning to Thomas Hardy and Sons, a company founded in 1853 which grew to become Australia's largest winemaker. The company headquarters are in Old Reynella, South Australia, Old Reynella, South Australia. At 20 years of age, Thomas Hardy (winemaker), Thomas Hardy arrived in South Australia South Australia (commonly abbreviated as SA) is a state in the southern central part of Australia. It covers some of the most arid parts of the country. With a total land area of ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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