Bacchus Capital Management Congratulates Wine by Joe as #1 Hot Small Brand 2011 Leading Oregon Wine Producer Wins Coveted Wine Business Monthly Award
SAN FRANCISCO, Jan. 25, 2012 /PRNewswire/ -- Bacchus Capital Management, LLC, a San Francisco-based private equity firm providing strategic capital in the wine industry, congratulates its portfolio company Wine by Joe on its recognition by Wine Business Monthly as the #1 Hot Small Brand of 2011. This award is one of the most prominent in the industry, recognizing leaders and innovators who are making great wine today.
"Wine by Joe is at a pivotal point in its evolution, as a business and a brand," stated Joe Dobbes, Founder, President and Winemaker. "All of us at Wine by Joe are honored to receive this recognition from Wine Business Monthly, which shows that 10 years of hard work, strategic thinking and a deep passion for winemaking are paying off. Today, Wine by Joe is the 3rd largest wine producer in Oregon, employing a team of nearly 30 dedicated and hard-working individuals. We're proud of what we have accomplished, the reputation we've earned and achieving this recognition."
"Working with the team at Bacchus has given us the growth capital we needed to begin substantially building our own three brands, Dobbes Family Estate, Wine by Joe, and Jovino, as well as our custom winemaking, bulk wine and control label business," Dobbes continued. "As this award reflects, Wine by Joe is on the move."
"Joe has been a leader in Oregon for many years and on our radar screen for a long time. He is deeply involved in Oregon due to his custom crush business and it is nice to see him getting more recognition for his own brands today," said Cyril Penn, Editor of Wine Business Monthly.
"Supporting Joe is in line with our strategy of backing market leaders and innovators, who are running good businesses and in this case taking a leadership position in his region," commented Sam Bronfman II, Co-founder and Managing Partner of Bacchus Capital Management. "We are proud to be associated with Joe Dobbes and his world-class pinot noirs and pinot gris wines."
"We are delighted with the recognition of Wine By Joe's quality. This is the second Bacchus portfolio company to win the award: Cameron Hughes Wine was voted the #1 Hot Small Brand of 2010 by Wine Business Monthly," commented Peter Kaufman, Co-Founder and Managing Partner of Bacchus Capital Management. "It's pleasing when our portfolio companies achieve this kind of recognition."
About Wine by Joe
Joe Dobbes, an Oregon native, has built a thriving business by combining knowledge gained through invaluable apprenticeships in France and Germany and the experience of over 25 years of winemaking. In 2001 Dobbes launched Wine by Joe, a multi-tiered business based in Dundee, Oregon. Recognized for the elegance and craft of his wines, Dobbes is now one of the largest producers in Oregon with 214 acres of estate vineyards. While an industry leader in custom winemaking and bulk wine production, Dobbes' focus is on crafting traditional Burgundian style wine under his three different brands: Dobbes Family Estate, the luxury Pinot Noir label; Wine by Joe, a value-priced Oregon appellation label, and Jovino, an offering available on-premise. The company is solely owned by Joe Dobbes.
For more information, visit the web site: www.joedobbeswines.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 strategic capital and making equity investments in United States wineries and wine businesses. Quinton Jay and Rob Rupe are the Managing Directors.
Bronfman and Jay bring extensive wine industry experience through leadership positions at Seagram Chateau and Estate Wines, Diageo Global Wines, Artesa Vineyards and Winery, Etude, Quintessa and Bonny Doon Vineyard. Kaufman and Owsley are leading investment bankers specializing in credit analysis, valuation and restructuring.
For more information, visit www.bacchuswinefund.com
About the Wine Business Monthly Hot Small Brands of 2011
The ninth annual Hot Small Brands list includes some of today's most exciting brands from small- and medium-sized producers—a select group. Since 2003, WBM has sought to publish an annual list of up-and-comers that had experienced the most growth in a short period of time. Growth is measured in case sales, which was typically the result of smart marketing. WBM gravitates towards wineries and brands that represent market trends or innovation, that take a leadership position in their regions, or that make unusual varietals or unexpected wines. There are some larger wineries on the list as well. These are wines that winemakers will want to check out. This list also represents a collection of wines Wine Business Monthly editors would serve at a party. Several of the wines and wineries listed have much in common. Beyond their common passion, most are relatively new in a long-term business.
More information about the Hot Small Brands of 2011 can be found at: www.winebusiness.com
SOURCE Bacchus Capital Management, LLC