Bodega Luigi Bosca has received an investment from consumer-focused private equity firm. L Catterton.

Established in 1901 by Leoncio Arizu, Bodega Luigi Bosca is a 117-year-old winery that produces Mendoza-style wines.

The Argentine winery will use the money to support its global growth and to move into other international markets.

L Catterton Latin America managing partner Dirk Donath said: “Bodega Luigi Bosca produces some of the highest-quality Malbec wines in the classic Mendoza style, which established Argentinean wine globally and has expanded beyond that to other grape varietals and different expressions of Malbec.

“This partnership offers us the opportunity to further our quest for excellence in winemaking and to introduce our wines to a larger international audience.”

“We are thrilled to partner with the Arizu family to support their brand’s continued expansion in key growth markets, including the US, the UK, Brazil and China.”

Completion of the transaction is subject to customary regulatory approvals and closing conditions.

On completion, Bodega Luigi Bosca will continue to be run and managed by the Arizu family.

Bodega Luigi Bosca official Alberto Arizu said: “L Catterton’s investment is an acknowledgement of the hard work our family has invested into this business for more than 100 years and an affirmation of the global potential of Argentina’s fine wines.

“This partnership offers us the opportunity to further our quest for excellence in winemaking and to introduce our wines to a larger international audience while remaining true to our heritage.”