Wine World Estates has been a wholly owned subsidiary of the Nestle Company for a quarter of a century. This rapidly growing business unit has been put up for sale, and Walter Klenz, its CEO, is leading a management inspired leveraged buyout in competition with two other large potential buyers. His challenge is to arrange for a financing package of more than $350 million to successfully achieve his objective.
Gilinsky, Jr., Armand and Lopez, Raymond H., "Wine World Estates" (2003). Case Studies. Paper 4.