Bacchus Capital Management, LLC, a San Francisco-based investment firm focused on providing strategic capital and making private equity wine industry investments, has provided growth and refinancing capital to Andretti Winery, a well-known Napa Valley wine producer owned by one of the world’s greatest racing car drivers, Mario Andretti.
"Andretti is at a critical point in its history," says Andretti, Co-founder of the winery. "We have spent nearly 20 years developing this magnificent property in the heart of one of the world’s finest wine regions and producing outstanding varietals. My name is on every bottle and I am committed to producing the best quality wines across a range of prices. Working with Bacchus Capital will enable us to build on the brand’s recognition and acceptance as well as provide us with the working capital we need to expand our inventory, our production, our infrastructure and our distribution so that we can continue our growth and momentum."
Sam Bronfman II, Co-founder and Managing Partner of Bacchus, says: "The financing for Andretti Winery reflects the opportunity for Bacchus Capital Management in the market today. There will always be a demand for super- premium brands offering unique products across the price spectrum. Andretti has a fantastic location and a great range of wines and we look forward to being part of the Andretti team’s success."
Peter Kaufman, Co-founder and Managing Partner of Bacchus Capital Management, says: "On today’s financial landscape, the wine industry is particularly challenged given the capital-intensive requirements for growth. Wineries are under extreme pressure, and are seeking creative solutions and new partners. Bacchus has established an innovative model in the industry. Our flexible financing and operational expertise are well matched to the needs and opportunity at Andretti."
