Welcome to the Straightbourbon.com Forums.
Page 1 of 3 123 LastLast
Results 1 to 10 of 29
  1. #1
    Advanced Taster
    Join Date
    Apr 2010
    Location
    Loveland CO
    Posts
    163

    Angels Envy Private Equity

    Who else has private equity backing? Not private family ownership like Saz, but plain private equity.
    Compared to public ownership and family ownership, will this be a plus, minus or no difference for AE?
    Mark

  2. #2
    Virtuoso
    Join Date
    Apr 2011
    Location
    Sutton, Massachusetts
    Posts
    1,215

    Re: Angels Envy Private Equity

    Quote Originally Posted by mark fleetwood View Post
    Who else has private equity backing? Not private family ownership like Saz, but plain private equity.
    Compared to public ownership and family ownership, will this be a plus, minus or no difference for AE?
    That will be completely dependent on the return expectations of the private equity investor - eventually, they want a return on their investment like everyone else and within a certain period of time. While they might be more "patient" than the herd, this isn't always the case ... so, unfortunately, "it depends" ...
    Mark

  3. #3
    Guru
    Join Date
    Mar 2012
    Location
    PacNW
    Posts
    2,269

    Re: Angels Envy Private Equity

    Was Bruichladdich's resurrection based on similar private equity funding?
    ¡Geaux Tigers! - ¡Visca el Barça!

    "Really though, my hands are sore. The tool was doing it's thing with a flex hose." -Barrel_Proof

  4. #4
    Virtuoso
    Join Date
    Apr 2011
    Location
    Sutton, Massachusetts
    Posts
    1,215

    Re: Angels Envy Private Equity

    Quote Originally Posted by ChainWhip View Post
    Was Bruichladdich's resurrection based on similar private equity funding?
    I think so .. I believe Mark Reynier pulled together private investors to get it going again - 12 years or so later, they sold. But I would assume they were getting a return sooner based on the success of the operation.
    Mark

  5. #5
    Bourbonian of the Year 2002 and Guru
    Join Date
    Sep 1999
    Location
    Chicago
    Posts
    12,604

    Re: Angels Envy Private Equity

    If you look into it, the Angel's Envy ownership group is very complicated. It was even before Blue put his money in. I assume it is not a coincidence that they were announced at the same time. That's the capital investment they needed to buy the property and build the facility. I wondered what the delay was because I couldn't imagine the owners of a derelict building were holding out for a better price. Now I see that they probably couldn't move until all of the money was in place.

    All you see are the Hendersons and pretty girls in angel outfits, but the president is an international real estate and entertainment investor named Mark Bushala. The chairman of the board is Jay Maltby, former CEO of Cruzan Rum who also once sat on the board of Angostura. His company is called Incubrands. So Blue's private equity money isn't all of the money, just some of it. I'm told the Hendersons have considerable skin in the game too.

    You can't compare Angel's Envy to existing companies like Sazerac. You have to compare it to other start ups. Is there private equity investment in other micros? Probably. Anyone who intends to primarily make aged whiskey needs a lot of capital and the investors need to be in it for the long haul. The best-capitalized companies don't always succeed, but they always have the best chance to succeed.

    There's nothing wrong with any of this. It's good, in fact, because these are serious people with serious credentials and serious money. They know what they're doing. This isn't the "Hey, my dad has a barn, let's put on a show!" mentality of most micros.
    Last edited by cowdery; 07-10-2013 at 21:15.

  6. #6

    Re: Angels Envy Private Equity

    I believe some public grant money is involved also. I remember the city of louisville awarding a bunch to Angels Envy a month ago but they couldnt announce details yet.

    I am guessing it was to keep the distillery downtown and renovate an older building rather than building new.

    And that building is perfect for exposure. It will be right next to the new downtown interstate bridge project. Nothing like a few hundred thousand vehicles passing within 150 feet of you on a daily basis.

  7. #7
    Guru
    Join Date
    Sep 2004
    Location
    Jackson, MS
    Posts
    12,101

    Re: Angels Envy Private Equity

    What I imagine is aging whisky shaking in the barrel as all that traffic rumbles by.

  8. #8
    Guru
    Join Date
    Sep 2004
    Location
    Jackson, MS
    Posts
    12,101

    Re: Angels Envy Private Equity

    I wish them every success which will encourage other capital investment as well.

  9. #9

    Re: Angels Envy Private Equity

    Quote Originally Posted by squire View Post
    What I imagine is aging whisky shaking in the barrel as all that traffic rumbles by.
    I am sure a special "high traffic" edition is on the idea board. Use barrels with more vibration from the traffic, charge 20% more. Genius mr squire.

  10. #10
    Connoisseur
    Join Date
    Sep 2003
    Location
    Louisville, Ky.
    Posts
    722

    Re: Angels Envy Private Equity

    Part of the delay was the new bridges project/expressway expansion. I heard another part was "environmental issues". Still I am glad to see the Hendersons finally getting the shovel in the ground.
    Mike Veach

 

 

Similar Threads

  1. Air, Angels, and Thoughts.
    By AusinKroe in forum General Bourbon Discussion
    Replies: 17
    Last Post: 01-24-2011, 15:41
  2. Replacing the Angels Share
    By pepcycle in forum General Bourbon Discussion
    Replies: 4
    Last Post: 01-05-2010, 08:56
  3. Angels share >
    By Stones in forum General Bourbon Discussion
    Replies: 22
    Last Post: 11-30-2009, 14:53
  4. Diageo Robbing the Angels
    By scratchline in forum Foreign Whiskey
    Replies: 16
    Last Post: 10-17-2008, 19:55

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Back to top