Bacchus Capital Lends to Cameron Hughes
he first transaction for Bacchus Capital Management, an investment firm founded to focus on the wine industry, involves a négociant, Cameron Hughes Wine of San Francisco, rather than one of its main targets: wineries.
Bacchus Capital Management is featured in the cover story on alternative capital sources in the October issue of Wines & Vines (see, "Tapping Money"). The financing for fast-growing Cameron Hughes takes the form of a second-lien, five-year loan. Neither party would disclose to Wines & Vines the amount of the deal, but Bacchus has previously said its usual transactions would be $3 to $15 million, and the San Francisco Business Times reported the loan amount at $3 million.
