Private equity firm invests in two NW wineries
A San Francisco private equity firm announced May 15 it has made a significant investment of growth capital in the Washington winery DeLille Cellars and purchased the Oregon winery Panther Creek Cellars.
Bacchus Capital Management also announced it has appointed winemaker Tony Rynders as Panther's consulting winemaker.
"(Panther Creek) has a storied history and I am eager to build on that legacy," said Rynders, who has been making wine in Oregon for 20 years. "I look forward to crafting our own examples of the exceptional regional blends Oregon is known for: Pinot Noir, Pinot Gris and, most recently, Chardonnay."
Panther Creek was founded by Oregon winemaker Ken Wright.
Greg Lill, DeLille Cellars president and CEO, said the Bacchus investment allows the Woodinville winery to grow in ways it could not have accomplished on its own.
"Our wines have met with much critical acclaim and consumer demand. Now we are at a point where we need additional resources and proven expertise in order to take advantage together of the opportunities ahead," Lill said in a prepared statement.
Bacchus portfolio companies include the Napa, Calif., wineries Andretti Winery and Madrigal Winery; Qupe, a Central California Coast winery; and the Oregon winery Wine by Joe.