One of the leading wineries in South Africa has a new owner, as the fallout from Terroir Capital founder Charles Banks’ conviction on federal fraud charges continues. Third Leaf Wines, a new California-based firm, has purchased the renowned Mulderbosch winery in Stellenbosch from Terroir for an undisclosed price. The deal includes the brand, the winery and 136 acres of vineyards.

“Mulderbosch is an iconic brand,” said Alex Pagon, managing partner for Third Leaf Partners, parent company of Third Leaf Wines.
“For decades, the winery has produced outstanding wines and has been a category leader with a strong and amazingly successful history in the United States and Europe.”

Third Leaf Partners is a San Francisco–based investment firm that provides capital and strategic management support to wineries and hotels, including brands like Evening Land and Blackberry Farm. The company recently formed Third Leaf Wines as part of an effort to expand its portfolio and grow its investments in wineries. They currently own, import and/or distribute a small collection of boutique brands from Italy, France, Oregon and New York.

Mulderbosch was founded in 1989. It has become a leader in South Africa’s Stellenbosch region—the winery currently sells about 40,000 cases annually in the U.S.