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Wine-focused PE firm Bacchus Capital exits California’s Qupé

11 Oct 2013

wine_lrgWine-focused private equity firm Bacchus Capital Management has exited its investment in Californian vintner Qupé two and a half years after providing it with a second-lien loan.

The business, which was founded in 1982, aims to use traditional winemaking techniques and concentrates on Rhône varietals and Chardonnay from California’s Central Coast.

Bacchus co-founder Sam Bronfman said, “[Qupé founder] Bob Lindquist is a leader and innovator in the wine industry.

“I am sure his wines will continue to garner the accolades for which he is known, and we wish Bob much success going forward.”

Bacchus was established by Seagram and Diageo executive Bronfman alongside Kaufman and Henry Owsley, both formerly of Gordian Group.

Earlier this year it provided growth capital to Washington winery DeLille Cellars and acquired Oregon-based Panther Creek Cellars.

Bacchus portfolio companies include Andretti Winery, Madrigal Family Winery, Maritime Wine Trading Collective, Sbragia Family Vineyards and Wine by Joe.

Bacchus also previously provided financing for Cameron Hughes Wine, one of America’s fastest growing wine businesses.

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