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Bacchus Capital Management co-founder Peter Kaufman on providing needed capital to winemakers in the industry.
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I want my next guest offers an alternative to -- looking for capital but don't really want to go to than the normal route of going to the bank.
Joining me now for small business big ideas Peter Kaufman co-founder.
And managing partner with -- capital management thanks for joining an -- fascinating story really because.
Everyday we're talking about how it's harder and harder for individuals to get loans let alone small businesses like.
-- is are you sort of offering an alternative when a winery -- to grow.
-- absolutely it's great to be here thank you for for having me -- so.
We're private equity fund whose focus is the warrants basin.
Most particularly wineries and this is working with private equities are we supposed to -- not always does which is we found a market -- These wineries and the owner founders winemakers needed more capital usually to grow and expand.
They're tapped out with their banks because banks we work with happily in -- situation have a formula.
And if you're out of that formula you're you're out of the box and we provide something -- -- -- the market niche and what we do is we back.
Entrepreneurial.
Talented passionate.
-- of these -- smaller winemakers based out of California California or again assumed to be announced perhaps in Washington and these are investments in the in the what and what's had a range of millions of dollars of dollars OK that's right so you've already establish some pretty interesting partnerships -- we have we love to partner.
-- of these owner founders one makers -- us examples.
Well right here I just happen to have some bottles of some -- -- -- -- -- we'll talk that government.
Here's an Oregon pinot dobbs -- Joseph Johns who just announced big set follow on investment would in joke and to pay.
-- are off.
And just certain days central coast toward public -- Enqvist award winning winemaker and in the central coast of California so let's talk about this project partnership -- -- that going so far it's going -- their ahead of plan would we last year to about 141000 cases.
This year we're we're had a -- the growth is great Ed is such an interesting guy he's a third generation California winemaker.
He was the chief foreign maker Beringer which -- which might hurt.
And they started his own surprise -- family vineyards he needed capital to grow.
And he couldn't get enough from banks.
And we stepped in so we made an equity significant equity investment were -- partnering with the path for years been great so far what we've we -- Fort Worth when it and that.
And if this crisis had for a private equity working the whispers were we have freed up Ed -- a genius.
He's got more ninety plus rated at Robert family on business he followed in his -- father's footsteps -- that great -- and so we're freeing him to do what he does better -- -- almost anybody in the world which is make itself fabulous.
Warrants and so it's is working government.
Kind of the wine industry overall what you say.
The the trend is going nicely the the the wind business and -- -- continues to grow people are still drinking.
You know with a Great Recession and say that some of the price points came down with the with the with the bottles -- that.
But you found a niche absolutely.
Alright Peter Kaufman excellent story I mean it's really an alternative to head into the bank where it's tough to get a -- right now.
You guys are stepping in and we're here we're partnering up for high growth with with great -- of people some pockets capital Peter -- thanks for joining us things for him Holler.
