Bespoke Capital Partners and No'l Group are buying Nomacorc LLC from Boston private equity firm Summit Partners.

Nomacorc makes recyclable, synthetic corks for wine bottles.

Bespoke, a New York-based private equity firm, was formed in 2014 with plans to invest in the consumer and leisure sectors in the U.S. and Europe. The firm expects to make equity, mezzanine and debt investments up to $500 million. Nomacorc is the firm's second deal. In May, it invested in gym chain 24 Hour Fitness. The chain was acquired by a group of investors, including AEA Investors, Fitness Capital Partners and Ontario Teachers Pension Plan in June. 

No'l Group, headquartered in Zebulon, North Carolina, makes synthetic materials, and is led by Marc No'l, the founder of Normacorc.

The investment should help Normacorc accelerate research and development efforts, and help the company capitalize on the opportunity to consolidate parts of the global wine-supply industry.

Global Leisure Partners advised Bespoke on the deal.

The transaction follows private equity firm J.W. Child's investment in California winery Kosta Browne, and Kieu Hoang Winery's purchase of the Guilliams Vineyards, also in California. Mergers & Acquisitions predicts 2015 will host more M&A in the wine and spirits sector. For more, see Wine and Spirits Attract Buyers, and Drinkers, All Over the World.