Intrepid Investment Bankers LLC Advises Wally’s Wine & Spirits in Its Sale to Southwest Wine & Spirits, an Entity Controlled

  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

“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

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. Member FINRA/SIPC.


Intrepid Investment Bankers LLC
Albina Oks, 310-478-9000
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