{"id":658119,"date":"2013-05-15T10:44:41","date_gmt":"2013-05-15T14:44:41","guid":{"rendered":"http:\/\/www.pehub.com\/?p=202128"},"modified":"2013-05-15T10:44:41","modified_gmt":"2013-05-15T14:44:41","slug":"bacchus-invests-in-delille-cellars","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/658119","title":{"rendered":"Bacchus Invests in DeLille Cellars"},"content":{"rendered":"

DeLille Cellars<\/strong> has received “significant” growth capital from Bacchus Capital Management<\/strong>. Financial terms were not disclosed. DeLille Cellars is a winery based in Woodinville, Washington.<\/p>\n

PRESS RELEASE
\nSAN FRANCISCO,\u00a0May 15, 2013\/PRNewswire\/ –\u00a0Bacchus Capital Management, LLC, a\u00a0San Francisco-based private equity firm providing strategic capital in the wine industry, has made a significant investment of growth capital in DeLille Cellars,\u00a0Woodinville, Washington. The winery was founded in 1992 by\u00a0Charles and Greg Lill\u00a0,\u00a0Jay Soloff\u00a0and\u00a0Chris Upchurch\u00a0, and is one of the most respected wineries in the US today. Concurrently, Bacchus has acquired the\u00a0Oregon\u00a0winery Panther Creek Cellars and has appointed acclaimed winemaker\u00a0Tony Rynders\u00a0as Panther’s Consulting Winemaker.<\/p>\n

“Our partnership with Bacchus provides DeLille Cellars with the financial backing and growth ability that we could not have accomplished on our own,” stated\u00a0Greg Lill\u00a0, DeLille Cellars President and CEO. “We were the first\u00a0Washington\u00a0winery, founded over 20 years ago, to focus exclusively on crafting\u00a0Bordeaux\u00a0style blends. Our wines have met with much critical acclaim and consumer demand. Now we are at a point where we need additional resources and proven expertise in order to take advantage together of the opportunities ahead.”<\/p>\n

“Washington State\u00a0is a grand cru region that happened 10,000 years ago,” commented\u00a0Chris Upchurch\u00a0, DeLille Cellars Winemaker and Co-founder. “It’s our responsibility to take that forward, to exploit the terroir and to make terrific wines. We are on the path of discovery to reach the potential of a great wine region and a great wine brand. With Bacchus as our partner, DeLille Cellars will be able to take advantage of many additional aspects of making and selling our wine for the future.”<\/p>\n

“I have been making wine in\u00a0Oregon\u00a0for nearly 20 years,” commented\u00a0Tony Rynders\u00a0, Consulting Winemaker at Panther Creek Cellars. “This winery has a storied history and I am eager to build on that legacy. I look forward to crafting our own examples of the exceptional regional blends\u00a0Oregon\u00a0is known for: Pinot Noir, Pinot Gris and, most recently, Chardonnay. I have always enjoyed the creativity of making wine. The chance to be a part of Panther Creek’s next chapter and to work with a team of proven and committed professionals is an exciting opportunity.”<\/p>\n

“Bacchus is focused on supporting talented winemakers and on building family-owned wineries, enabling them to fulfill their potential,” stated\u00a0Sam Bronfman\u00a0, Bacchus Co-founder and Managing Partner. “We believe that the Pacific Northwest is an outstanding winemaking region, offering winemakers diverse environments to craft unique and admirable wines. We are proud to partner with individuals regarded both as pioneers and leaders in their field. Working with\u00a0Chris Upchurch\u00a0and the team at DeLille, as well as with\u00a0Tony Rynders\u00a0and the team at Panther, fulfills a great ambition of ours. With these two accomplished winemakers, and the teams at DeLille Cellars and Panther Creek, our portfolio truly is a ‘string of pearls’.”<\/p>\n

“Our private equity model is unique,” commented\u00a0Peter Kaufman\u00a0, Bacchus Co-founder and Managing Partner. “We do not have one singular black box approach to investing in wineries. Rather, we invest in businesses and winemakers we believe in; for DeLille Cellars, we have provided growth capital and in Panther’s case, it’s an outright acquisition. Additionally, we continue to leverage our internal talent across the portfolio: we have appointed\u00a0Oregon\u00a0veteran\u00a0Anthony Van Nice\u00a0, working with us at Wine by Joe, as President at Panther Creek to partner with the highly acclaimed winemaker\u00a0Tony Rynders\u00a0. Our goal is to develop customized long term partnerships.”<\/p>\n

Bacchus portfolio companies include: Andretti Winery, a well-known\u00a0Napa\u00a0winery founded by\u00a0Mario Andretti\u00a0; Madrigal Family Winery, a recognized\u00a0Napa Valley\u00a0winery located on Highway 29; Maritime Wine Trading Collective, a leading boutique wine import, production, and distribution company; Qupe, a leading Central Coast winery; Sbragia Family Vineyards, the Dry Creek Valley winery founded by world-class winemaker\u00a0Ed Sbragia\u00a0; Wine by Joe, one of the largest wine producers in\u00a0Oregon. Bacchus previously had a successful financing with\u00a0Cameron Hughes Wine\u00a0, one of America’s fastest growing wine businesses.<\/strong><\/p>\n

About DeLille Cellars<\/p>\n

DeLille Cellars is a boutique artisan winery located in\u00a0Woodinville, Washington. Under celebrated winemaker\u00a0Chris Upchurch\u00a0, DeLille Cellars was the first winery in\u00a0Washington\u00a0to focus on creating\u00a0Bordeaux\u00a0style wine blends. The winery is very prominent on the Red Mountain AVA with its own 20 acre vineyard along with other top sites in the Yakima Valley. DeLille Cellars currently produces six Bordeaux-styled wines including Grand Ciel, Chaleur Estate Rouge, D2,\u00a0Harrison Hill\u00a0, Four Flags and Chaleur Estate Blanc. Also produced are the Doyenne wines which include classic northern Rhone Syrah \u2013 awarded as one of the great 15 Syrahs of the world; a Roussanne; Metier, as Southern Rhone-style red wine; AIX, a Provence-style red wine and a Bandol-style Rose.\u00a0Robert Parker Jr.\u00a0of\u00a0The<\/em>\u00a0Wine Advocate\u00a0<\/em>rated DeLille Cellars and Doyenne as two of the top 12 Washington producers, bestowing the title of the “Lafite Rothschild” of\u00a0Washington State. DeLille Cellars has a traditional “chai” Chateau winery located on the 10 acre Lill Family Estate which overlooks the\u00a0Woodinville\u00a0valley floor below as well as its Carriage House tasting room.<\/p>\n

For more information, visit\u00a0www.delillecellars.com<\/a>
\n<\/span><\/strong><\/strong>
\n<\/span>About Panther Creek Cellars<\/span><\/p>\n

Located in the heart of the Willamette Valley in\u00a0McMinnville’s historic power station, Panther Creek Cellars has been producing signature Pinot Noir, Pinot Gris and Chardonnay wines since 1986. Founded by the acclaimed winemaker\u00a0Ken Wright\u00a0, Panther Creek has been recognized for its signature blends as well as single vineyard designate wines. The winery has been credited by\u00a0Robert Parker\u00a0as “producing some of\u00a0Oregon’s most concentrated and age worthy wines.” From 2013 onward, the Panther Creek wines will be made by the highly acclaimed\u00a0Tony Rynders\u00a0.<\/p>\n

For more information, visit\u00a0www.panthercreekcellars.com<\/a><\/p>\n

About Bacchus Capital Management<\/p>\n

Bacchus Capital Management is an investment firm providing strategic capital and making equity investments in\u00a0United Stateswineries and wine businesses.<\/p>\n

For more information, visit\u00a0www.bacchuswinefund.com<\/a><\/p>\n

SOURCE Bacchus Capital Management, LLC<\/p>\n

The post Bacchus Invests in DeLille Cellars<\/a> appeared first on peHUB<\/a>.<\/p>\n

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DeLille Cellars has received “significant” growth capital from Bacchus Capital Management. Financial terms were not disclosed. DeLille Cellars is a winery based in Woodinville, Washington. PRESS RELEASE SAN FRANCISCO,\u00a0May 15, 2013\/PRNewswire\/ –\u00a0Bacchus Capital Management, LLC, a\u00a0San Francisco-based private equity firm providing strategic capital in the wine industry, has made a significant investment of growth capital […]<\/p>\n","protected":false},"author":8321,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-658119","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/658119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/8321"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=658119"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/658119\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=658119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=658119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=658119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}