Dear Client:This morning Ste. Michelle Wine Estates' parent company, Altria, announced it is selling SMWE to private equity firm Sycamore Partners Management for a cool $1.2 billion - an all-cash transaction. SMWE is the third-largest premium wine company in the US and the largest in the Pacific Northwest. The company now farms nearly 30,000 acres across … Continue reading "Private Equity Firm Buys Ste. Michelle Wine Estates for $1.2 Billion"