Los Angeles – October 12, 2023 – Greenspoon Marder’s Corporate practice group successfully represented Spring Mountain Vineyard Inc. in its sale to MGG Investment Group LP, a prominent hedge fund headquartered in New York City. The complexity of this matter was further underscored by the involvement of the Bankruptcy practice group, which played a pivotal role in guiding Spring Mountain Vineyard Inc. through its Chapter 11 bankruptcy filing in 2022.
Spring Mountain Vineyard is located in the region of Napa, Calif., and boasts an 847-acre hillside estate with a history dating back to 1873. Additionally, the vineyard features a sprawling 20,000 square feet of wine caves and a distinguished wine library. Spring Mountain Vineyard has a unique claim to fame, having served as the iconic backdrop for the long-running “Falcon Crest” TV series that graced CBS’ screens from 1981 to 1990. Notably, this estate encompasses four distinct ranches, each acquired by Swiss billionaire Jacob “Jacqui” Safra in 1992.
The team was led by Corporate partner John L. Babala in Los Angeles and Bankruptcy partners Victor A. Sahn, Alan G. Tippie, and Mark S. Horoupian. The team was also supported by associates Puneet Bhullar and Steve Burnell.
Greenspoon Marder’s Corporate practice group has successfully represented companies, corporate boards and special committees, institutional investors, private equity and venture capital funds, entrepreneurs, and senior executives across a broad spectrum of industries in deals reaching over $400 million and beyond. We work closely with our clients to develop thoughtful and practical strategies that address their immediate needs while keeping their long-term goals in mind in the most complex, sophisticated, and sensitive matters domestically and globally.