- Client: UK-based entrepreneur and experienced wine collector
- Asset Type: Fine wine collection stored across multiple jurisdictions
- Challenge: Required immediate liquidity for a time-sensitive business opportunity without selling the wine collection
- Loan Type: Specialist wine-backed lending facility
Enness was approached by an English entrepreneur with a long-established international fine wine portfolio, comprising a range of premium European labels held in bonded storage across multiple jurisdictions. When a time-sensitive business opportunity arose, the client required liquidity without selling or moving the wine, allowing the collection to remain within its existing storage arrangements.
The collection was spread across multiple jurisdictions, with each facility professionally managed. Standard lenders may require the consolidation or relocation of assets before considering them as security, which was not suitable for the client's circumstances. Valuation and provenance verification also needed to accommodate the collection's cross-border storage arrangements.
Enness introduced the client to a specialist lender experienced in cross-border wine-backed lending. A temporary administrative adjustment to the bonded accounts allowed the lender to establish its security position without requiring the wine to be physically moved. Independent specialists were engaged to verify condition, provenance and storage arrangements across the relevant locations.
The facility was structured around the wine collection, with the security arrangements designed to provide the lender with appropriate control throughout the term. This enabled the client to access the required liquidity while retaining ownership of the collection and avoiding the need for an immediate sale.
The funding provided the client with liquidity to pursue the business opportunity while allowing the wine collection to remain within its established storage arrangements. The case demonstrates how specialist asset-backed lending can provide alternative sources of finance for clients holding valuable collectable assets across multiple jurisdictions.
ENNESS DOES NOT PROVIDE ADVICE OR RECOMMENDATIONS ON LUXURY ASSET FINANCING, FINE WINE, INVESTMENTS OR ASSET VALUATION. LENDER INTRODUCTIONS ARE UNREGULATED. FINANCE IS SUBJECT TO ASSET SUITABILITY, VALUATION, LENDER CRITERIA AND INDIVIDUAL CIRCUMSTANCES.
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