Private equity firm GI Partners has acquired Far Niente Wine Estates, a Napa Valley-based family-owned winery and vineyard company.

Financial terms of the deal have not been disclosed.

Far Niente owns two winery facilities and ten vineyard properties in Napa and Sonoma.

"Far Niente owns two winery facilities and ten vineyard properties in Napa and Sonoma."

It sells wines in the wholesale channel through a network of distributors, online and visitor centres.

GI Partners has earlier made investments in the wine industry. In 2007, it acquired Duckhorn Vineyards.

GI has also offered investment oversight for CalPERS-owned portfolio of 26 vineyards.

Established in 2001, GI Partners is a middle market private equity firm that is based in San Francisco.

It currently manages over $12bn in capital commitments through private equity and real estate strategies for institutional investors around the world.