Winebusiness.com - Homepage for the Wine Industry

Bacchus Capital Management Announces Deal with Oregon Producer


Date: 09/08/11

img 1Bacchus Capital Management has announced a deal in which it is providing growth and refinancing capital to Wine by Joe, one of Oregon’s leading wine producers.

The debt financing will allow Wine by Joe to expand production and distribution.

Joe Dobbes, who started his company with $50,000 and is now among Oregon’s largest producers, told winebusiness.com plans call for increasing production of his branded wines from today’s level of approximately 25,000 cases to as much as 75,000 cases during the next three to five years.

Dobbes makes wine under the Dobbes Family Estate, Wine by Joe, and Jovino labels. He also operates a custom crush business and thus produces the equivalent of more than 100,000 cases each year when custom winemaking, bulk wine sales and private label winemaking are considered, making his winery Oregon’s second largest producer. Dobbes works with roughly a dozen Oregon producers.

“We already had more potential sales opportunities than we did have inventory,” he said. “Now we have the dollars to deal with taking it to the next level.”

Terms of the financing were not disclosed. “It’s flexible financing and it’s a significant amount,” Bacchus managing partner Peter Kaufman said.

Asked, why he chose to work with Bacchus rather than another funding source, Dobbes said there’s “money that’s out there” but that it doesn’t come along with the management advice and expertise he believes Bacchus offers. “I’ve essentially quadrupled my management by taking on the growth capital and it’s quite exciting,” he said.

Bacchus Capital previously announced financing deals with Cameron Hughes, Qupé, Olsen Agricultural Enterprises, and Andretti Winery.

Bacchus Capital Management is an investment and advisory firm co-founded in 2007 by Sam Bronfman II, Peter S. Kaufman and Henry F. Owsley providing strategic capital and making equity investments in United States wineries and wine businesses. Quinton Jay and Rob Rupe are the Managing Directors.
 

Subscribe to Daily news Email

FREE Wine Business Daily News delivers the industry's top stories emailed to you from our editorial team.

most popular daily news links

latest used barrels

- used barrels  •  Nov 20, 2014 at 6:55PM PST
- used barrels  •  Nov 20, 2014 at 6:55PM PST
- used barrels  •  Nov 20, 2014 at 6:55PM PST
- used barrels  •  Nov 20, 2014 at 12:40PM PST
- used barrels  •  Nov 20, 2014 at 10:40AM PST

latest real estate

- real estate  •  Nov 13, 2014 at 8:19AM PST
- real estate  •  Nov 10, 2014 at 2:38PM PST
- real estate  •  Nov 7, 2014 at 4:53PM PST
- real estate  •  Nov 6, 2014 at 11:26AM PST
- real estate  •  Oct 30, 2014 at 8:10PM PST

latest used equipment

- used equipment  •  yesterday at 11:12AM PST
- used equipment  •  yesterday at 8:33AM PST
- used equipment  •  yesterday at 8:23AM PST
- used equipment  •  yesterday at 8:23AM PST

latest services & supplies

- services & supplies  •  Nov 19, 2014 at 9:09AM PST
- services & supplies  •  Nov 15, 2014 at 9:18AM PST
- services & supplies  •  Nov 14, 2014 at 12:25PM PST
- services & supplies  •  Nov 12, 2014 at 10:49AM PST
- services & supplies  •  Nov 10, 2014 at 12:32PM PST

industry events

Search Events:

Copyright© 1994-2014 by Wine Communications Group. All Rights Reserved. Copyright protection extends to all written material, graphics, backgrounds and layouts. None of this material may be reproduced for any reason without written permission of the Publisher. Wine Business Insider, Wine Business Monthly, Grower & Cellar News and Wine Market News are all trademarks of Wine Communications Group and will be protected to the fullest extent of the law.