Vinventions, LLC (USA) is a global supplier of bottle-closure solutions for the wine industry, with a product range that includes premium natural cork, sugarcane-based corks (Nomacorc), glass closures and screwcaps. The group operates worldwide and maintains a Belgian factory in Thimister (Nomacorc). To support growth, future developments and to refinance recent acquisitions, Vinventions completed a USD 40 million capital increase. Compagnie du Bois Sauvage subscribed USD 20 million of that capital increase via its American subsidiary and also provided a EUR 5 million subordinated loan to Vinventions' Belgian subsidiary. The company relied on its historical shareholders for the capital increase, while Intégrale and three European and one American bank structured debt to significantly reduce its level and cost. After the transactions, Compagnie du Bois Sauvage holds directly and indirectly 25.84% of Vinventions' capital. Nomacorc produces synthetic wine corks using a patented co-extrusion process. Its corks are designed to mimic the look and feel of natural cork while providing consistent, predictable oxygen management. The synthetic corks also eliminate compounds found in natural corks that can spoil the taste and aroma of wine. The company is based in North Carolina. The article reports a $22.0 million capital infusion consisting of subordinated debt and equity. No operating metrics such as revenue or user counts are provided in the article.

Total raised

$48M

Funding rounds

4

Latest round

Equity

Latest activity

Mar 2018