US: Viansa investor seeks greater stake in its success
US: Viansa investor seeks greater stake in its success
Nov 12, 2012 6
(NBBJ) - Nearly five years after taking over cash-strapped Viansa Winery & Marketplace in Sonoma Valley, a New York-based hedge fund is considering a buyout offer from a former executive who quickly returned Viansa to profitably and has been running it since.
Lloyd Davis, former fund partner and chief credit officer turned president and part owner of the winery, recently submitted a bid of an undisclosed sum to acquire the share of Viansa held by Laurus Master Fund, Ltd.
“I love this property and want to own it,” Mr. Davis said of his decision this past August to made a bid for it. “Part of me hopes nobody offers more than I’m willing to pay.” If there is a higher offer, he wants to pursue another opportunity in the wine industry.
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