The story of wine industry finance during the past 12 months combines contradictions and consistency. The contradictions come in the form of increased activity, competition and expanded players in some areas of finance, contrasting with consolidation in other areas—including the failure or exiting of some private-equity players entirely. Consistency comes in the form of uniformly low interest rates throughout the year, although a window into increases has appeared of late, and it is rocking financial environments far beyond just those for wine.
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