Intrepid today announced that it served as exclusive financial advisor to Country Wine & Spirits, Inc. (Country Wine) on its growth recapitalization with Royalty North Partners, Ltd. (Royalty North). Founded in 2003 with headquarters in San Diego, Calif., Country Wine is an omni-channel retailer of premium craft beers, wines, and spirits with eight stores in San Diego County and a growing eCommerce platform serving a broad clientele. The company will use the new capital to execute on several growth opportunities, including the acquisition of additional locations and expansion of its online business.
“Intrepid worked tirelessly to position our company to the investment community and bring us a partner that is aligned with our business model and strategic vision,” said Shawn Kattoula, Founder and CEO of Country Wine. “Intrepid’s tenacity and deep relationships with capital providers led us to an exceptional outcome with Royalty North, a group with deep operating experience and understanding of entrepreneurial, growing companies.”
Country Wine carries a wide selection of premium alcoholic beverage brands not available from larger competitors. In addition, the company offers groceries and tobacco products. Country Wine has parlayed its unique industry relationships and scale to build a rapidly growing eCommerce presence.
“Country Wine is a prominent regional brand with a differentiated business model in the community. Its seasoned management team has experienced steady and impressive growth with a proven model of acquiring distressed stores and rapidly improving their performance,” said Jonathan Zucker, Head of the Capital Markets Group at Intrepid. “I am thrilled to have helped Shawn secure the capital he needs to expand his business. He is a skilled operator who has bootstrapped his business without institutional capital to date, and he will now have the opportunity to accelerate growth with a supportive partner. The unique nature of Royalty North’s financing—a top-line royalty-based structure—makes this a creative solution for Country Wine, as it will allow it to deploy its cash flow for growth, rather than debt service, without the dilution of an equity investment.”
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About Intrepid’s Capital Markets Group
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. For more than 30 years, our principals have advised clients in capital transactions, leveraging their institutional investor relationships and expertise in managing competitive processes. Our team is committed to helping clients meet their capital needs by securing financing through various investment structures that include equity, senior, structured and mezzanine debt.