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Nov. 6, 2013 /PRNewswire/ --
Bacchus CapitalManagement, LLC, a
San Francisco-based private equity firm providing strategic capital in the wine industry, has announced the launch of
BCM Wineworks, a sales and marketing company representing
Sbragia Family Vineyards,
DeLille Cellars and
Madrigal Family Winery, three of Bacchus' portfolio brands. BCM Wineworks will directly represent these three ultrapremium wineries to wholesalers, restaurants and fine wine retailers.
Sam Bronfman will serve as the Company's Chairman,
Steve Cousins as President and
Jay Soloff as the Vice President of National Sales. Industry veteran
Bill Piersol will be Senior Advisor of Marketing and Planning.
"The launch of BCM Wineworks is a natural evolution of the Bacchus mission," commented Bronfman, Bacchus Capital Co-founder and Managing Partner. "Our goal has always been to invest in and support high-end wineries and iconic winemakers. Our proposition is to provide growth capital and leverage our team's expertise in winery operations, distribution, finance and marketing. Wineworks is the logical extension of what we have been building over the past few years. Today, we have the brands and the people in place to enter a very competitive market. Direct representation for these three brands is an ideal solution and a great business opportunity."
"From the start, we have said that our private equity model is unique and exceptionally flexible," commented
Peter Kaufman, Bacchus Capital Co-founder and Managing Partner, and Wineworks Director. "We do not have one singular approach to investing in wineries or to building businesses. Wineworks makes sense given the market today and the need that smaller high end wineries have to find creative solutions to gain distribution and visibility. Bacchus has an unusual pool of talent and a portfolio of exceptional wineries, which supports launching our own sales and marketing company."
"Sbragia Family Vineyards has been a lifelong dream of mine," remarked
Ed Sbragia, Founder and Winemaster at Sbragia Family Vineyards. "I am very excited to collaborate with my partners at Bacchus Capital, and to continue working with seasoned professionals focused on a small group of ultrapremium portfolio brands. I look forward to mapping out this next chapter of our shared future."
Bacchus portfolio companies include: Andretti Winery, a well-known
Napa winery founded by
Mario Andretti; DeLille Cellars, the renowned
Washington state winery co-founded by acclaimed winemaker
Chris Upchurch; Madrigal Family Winery, a recognized
Napa Valley winery located on Highway 29; Maritime Wine Trading Collective, a leading boutique wine import, production, and distribution company; Panther Creek Cellars, a historic
Oregon winery founded by
Ken Wright; Sbragia Family Vineyards, the Dry Creek Valley winery founded by world-class winemaker
Ed Sbragia; Wine by Joe / Dobbes Family Estate, one of the largest wine producers in
Oregon. Bacchus previously had successful financings with
Cameron Hughes Wine, one of America's fastest growing wine businesses and Qupe, a leading Central Coast winery.
About Bacchus Capital Management
Bacchus Capital Management is an investment firm providing strategic capital and making equity investments in
United States wineries and wine businesses. For more information, visit
SOURCE Bacchus Capital Management, LLC