Bacchus exits Central Coast winery
October 15, 2013
• Had been investor in Qupe
• “We are glad to have been of assistance in taking him and the Qupé team to the next level”
San Francisco private equity firm Bacchus Capital Management LLC says it has exited its investment in Central Coast wine producer Qupe.
Bacchus had provided a second lien loan to the winery in March 2011.
Financial details of the exit were not made public.
Qupé was founded by winemaker Bob Lindquist. While offering a range of Central Coast wines such as chardonnay, pinot noir, pinot blanc and a cool-climate Syrah, his winery is noted for Rhone-style wines from the Bien Nacido Vineyard in Santa Maria, the Sawyer Lindquist Vineyard in the Edna Valley and the Ibarra-Young Vineyard in Los Olivos.
“Bob Lindquist is a leader and innovator in the wine industry,” says Sam Bronfman, Bacchus Capital co-founder and managing partner.
“Bob has been a terrific partner,” adds Peter Kaufman, Bacchus Capital co-founder and managing partner. “We are glad to have been of assistance in taking him and the Qupé team to the next level. We are sure that their future will continue to be very bright.”
Qupé (pronounced kyoo-pay') is the Chumash Indian word for California poppy. The Chumash are native to California's Central Coast and Channel Islands, the California poppy is the state flower.