NEW YORK, April 8, 2008 /PRNewswire/ -- Bacchus Capital Management,
LLC, a San Francisco-based investment firm specializing in mezzanine and
private equity wine industry investments, announced today the appointment
of Mike Jaeger as President and Chief Operating Officer.
Jaeger will be responsible for sourcing and evaluating potential
transactions, overseeing the performance of Bacchus portfolio wineries and
managing the research, investment and marketing teams. Jaeger brings 25
years of experience in leadership positions within the wine and spirits
industry. Most recently, he was the President and COO of Partida Tequila.
Previously, he was President of the U.S. wine business of Vincor
International and Group President of Constellation Brands, a $5 billion
international beverage alcohol producer and the world's leading wine
At Constellation, Jaeger was responsible for its largest wine division,
representing over $500 million in sales. Jaeger began his wine industry
career at Joseph E. Seagram, where he first worked with Sam Bronfman, then
President of Seagram Chateau and Estate Wines. Bacchus reunites the two
"Mike adds a tremendous breadth of talent and industry expertise. We
are excited to have him join the Bacchus team," commented Sam Bronfman, CEO
Bacchus Capital Management is an investment firm established in 2007 by
Sam Bronfman, as well as Peter Kaufman and Henry Owsley, the two founding
partners of Gordian Group, LLC, a New York City-based investment bank
specializing in the financial restructuring sector, of which they continue
to be President and CEO, respectively.
"Bacchus Capital Management will play an important role in serving the
capital needs of wineries today," continued Bronfman. "The support we have
received from secured lenders as well as wineries is very encouraging. We
all look forward to an exciting future."
Press information: Hilary Peck email@example.com or (212) 486-3600
SOURCE Bacchus Capital Management, LLC