Bacchus Capital Management Provides Growth Capital for Cameron Hughes Wine

* Reuters is not responsible for the content in this press release.

Tue Oct 21, 2008 10:40am EDT

Wine Industry Investment Firm Announces First Deal 

SAN FRANCISCO, Oct. 21 /PRNewswire/ -- Bacchus Capital Management, LLC, a San
Francisco-based investment firm providing mezzanine and equity capital to
wineries and wine businesses, has provided mezzanine financing to Cameron
Hughes Wine, a wine negociant sourcing super- and ultra-premium wine
worldwide. The financing takes the form of a second lien five-year loan.  This
is the first transaction for Bacchus Capital Management. 

(Photo: http://www.newscom.com/cgi-bin/prnh/20081021/NY40321 )

"This financing for Cameron Hughes Wine reflects the Bacchus Capital
Management mission and clearly illustrates the opportunity for us in the
market today. There is an increasing demand for wine, especially super- and
ultra-premium brands, and a growing need for capital and industry experience,"
said Sam Bronfman II, Co-Founder and Managing Partner of Bacchus. "The
opportunity to finance an innovator at the premium end of the wine industry
and one of the fastest growing private companies in America is an ideal first
transaction for us."  

"We are proud of Bacchus Capital Management's great confidence in the strength
of our business. Bacchus will provide us with the working capital we need to
expand our inventory, organization and distribution so that we can continue
our strong record of growth," said Cameron Hughes, Founder and President of
Cameron Hughes Wine. "The team from Bacchus comes to us with more than money.
They have great industry experience and skill that we will be able to
leverage."

"We are excited to provide capital for Cameron Hughes Wine underneath its
traditional bank loan, something we expect to do with regularity in these
challenging financial markets," commented Peter Kaufman, Co-Founder and
Managing Partner of Bacchus Capital Management. "In today's roiled financial
markets and constrained credit environment, Bacchus can be uniquely helpful in
solving liquidity needs for wineries. Our flexible financing enables wineries
and wine businesses to maintain control of their equity and to access capital
beyond what can be accessed through the traditional bank-based asset formulas
tied to inventory and receivables. When coupled with the unparalleled
operational expertise and relationships in the wine industry that our team
offers to our portfolio companies, we think Bacchus has established a new
model in the industry," Kaufman added.

About Cameron Hughes Wine
Cameron Hughes Wine purchases finished wines from high-end international
wineries and bottles them under a variety of brands, which are sold
exclusively through large retailers, such as Costco and Sam's Club, as well as
through a national network of distributors and direct consumer sales. The
Company's primary brand is the Cameron Hughes 'Lot' series. Cameron Hughes
Wine was listed as the 18th fastest growing privately held businesses by the
Inc. 500/5000 September 2008 issue. The Company was founded on the concept
that excellent wine should be available at a value price. For more
information, visit www.chwine.com.

About Bacchus Capital Management 
Bacchus Capital Management is an investment firm co-founded in 2007 by Sam
Bronfman II, Peter S. Kaufman and Henry F. Owsley providing mezzanine and
equity capital to United States wineries and wine businesses which have
significant growth potential. Mike Jaeger is the President. Bronfman and
Jaeger bring extensive wine industry experience through leadership positions
at Seagram Chateau and Estates, Diageo, Trinchero Family Estates (Sutter Home
Winery), Constellation Brands and Vincor International. Kaufman and Owsley are
leading investment bankers specializing in credit analysis, valuation and
restructuring. As part of its relationship with borrowers, Bacchus offers the
wine operating expertise and unparalleled wine industry distribution network
of its principals. For more information, visit www.bacchuswinefund.com. 


SOURCE  Bacchus Capital Management, LLC

Hilary Peck of Bacchus Capital Management, +1-212-486-3600,
hpeck@bacchuswinefund.com, or Marina Soto of Cameron Hughes Wine,
+1-909-592-0357, marina.soto@earthlink.net
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.