Clearwater International advises Off-Piste Wines Limited on investment from BGF
Clearwater International has advised Off-Piste Wines Limited; a Cheltenham-based wine brand developer and distributor, on its investment from BGF.
Established in 2007 by Paul Letheren and Ant Fairbank, Off-Piste Wines has developed a portfolio of modern wines, divided between its own proprietary brands – such as Most Wanted and Pinot Pinot, and private-label brands for the UK’s largest supermarkets.
The business sources wine from 11 different countries. Most recently, having identified a trend in the US for wine in a can, Off-Piste Wines launched a lightly sparkling Pinot Grigio range under its Most Wanted and Pinot Pinot brands.
The company reached sales of €47 million in 2018 and was listed on the 2019 Sunday Times HSBC International Fast Track 200.
The investment from BGF will be used to develop the business’s long-term growth strategy, including the expansion of its wine range and development of new partnerships and international distribution.