Intrepid Investment Bankers LLC Advises Wally’s Wine & Spirits in Its Sale to Southwest Wine & Spirits, an Entity Controlled by Maurice and Paul Marciano, and Christian Navarro Business Wire LOS ANGELES -- June 24, 2013 Intrepid Investment Bankers LLC (“Intrepid”) announced today the sale of Wally’s Wine & Spirits (“Wally’s”) to Southwest Wine & Spirits, LLC an entity controlled by Maurice and Paul Marciano, and Christian Navarro. Intrepid initiated the transaction, assisted in the negotiations and served as exclusive financial advisor to Wally’s Wine & Spirits. Founded in 1968, Wally's Wine & Spirits has long been a Los Angeles institution ranging from first-time wine buyers to collectors and connoisseurs. Combining personal service with a patient and knowledgeable staff, an inventory of thousands of hard to find wines, beers and spirits, in a relaxing and comforting atmosphere, it is no wonder that the Zagat Survey has called Wally's "The No. 1 Wine Shop in Los Angeles," and Forbes lists Wally's as one of their "Top Shops." Maurice and Paul Marciano are brothers and co-founders of global denim lifestyle brand GUESS. They have been buying wines from Wally's for twenty years. When they learned from Intrepid that Steve Wallace, its founder, was thinking of retiring, the brothers immediately expressed interest in purchasing the business, but only on the condition that Christian Navarro, Wallace’s business partner, would remain in a leadership role. Navarro is a renowned wine personality and as part of the acquisition, has been appointed President. Wally's Wine & Spirits will maintain its well-known name and service. “Steve Wallace, together with Christian Navarro, has built an amazing business. Wally’s has become a lifestyle brand for wine connoisseurs in the greater Los Angeles area. It is a rite of passage for smaller up and coming winemakers and a go-to for larger renowned labels,” said Philippe Faraut, Managing Director, Intrepid. He continues, “The Marciano brothers are prominent global brand builders, retailers and wine enthusiasts. Our existing relationship with the Marcianos helped us identify them as the best partner for our client. Wally’s could not be in better hands.” “When we first approached Philippe and the team at Intrepid, we had not considered a potential buyer universe outside of the wine world. Philippe understood the brand and its potential for future growth and development. By reaching out to the Marcianos, the Intrepid team identified a partner that has the ability to take our brand to new heights. Christian is the perfect leader to execute the Marcianos’ vision,” said Steve Wallace. The Intrepid transaction team included Philippe Faraut, Brien Lowe and Marvin Padilla. About Intrepid Investment Bankers LLC Intrepid Investment Bankers LLC, headquartered in Los Angeles, Calif., is a corporate finance advisory firm focused on the middle market. Intrepid’s services include M&A advisory, equity and debt capital raising and providing strategic advice in complex securities transactions. The firm’s clients are entrepreneur and family-owned businesses, financial sponsors and major corporations. Collectively, the senior banker team at Intrepid brings over 150 years of mergers and acquisitions advisory experience and has advised on over 350 transactions spanning a broad range of industries including Business Services, Consumer Products, Financial Institutions, Food & Beverage, Healthcare, and Industrial Products & Distribution. Intrepid Investment Bankers LLC augments its international capabilities by partnering with M&A International Inc., an exclusive global alliance of independent middle market mergers and acquisitions advisory firms. www.intrepidib.com Member FINRA/SIPC. Contact: Intrepid Investment Bankers LLC Albina Oks, 310-478-9000
Intrepid Investment Bankers LLC Advises Wally’s Wine & Spirits in Its Sale to Southwest Wine & Spirits, an Entity Controlled
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