Goldman Sachs JBWere is understood to be in discussions to take a significant investment in Evans & Tate as part of a recapitalisation plan with the winery’s bankers, Australia and New Zealand Banking Group.
It was reported earlier this week that ANZ was looking to convert about $45 million of its debt into new shares as well as bringing in a new investor.
Together they would own half the company, reports stated.
ANZ is owed nearly $100 million from E&T.
Industry sources have told WA Business News that the new E&T investor is Goldman Sachs JBWere, which recently raised $415 million for its Trans-Tasman Private Equity Fund.
A spokesman for E&T said the winery was not in negotiations with any US banking syndicate.
E&T told the Australian Stock Exchange yesterday that it announced last year that it had in-principle approval for a restructure of its balance sheet from ANZ, and that recent news articles about a recapitalisation plan were speculative and the information had not been verified by E&T.
WA Business News understands that representatives from ANZ met with the E&T board earlier this week to further discuss its balance sheet restructure.
