Bacchus do also have a very cheap budget range which is probably on a level with Squier, so be careful. I wouldn't buy a Bacchus without trying it as their range really does start at beginner and go up to something approximate to Ibanez J-Custom level. Not quite like top level Japanese guitars such as Combat, Dragonfly, ESP, Deviser, T's, etc.
PS, as for the ESP connection, I haven't heard that before but seeing as ESP own everything from the Musicians Institute in LA and Schecter guitars to radio stations, I believe it's possible.
Edited for shocking late night spelling.