BrewDog has announced that strategic equity investor TSG Consumer Partners has acquired a 23% stake in the company for £213 million.
The transaction which will also involve £100 million to fund BrewDog’s continued global expansion, and the balance of proceeds to provide for early shareholder liquidity.
BrewDog co-founder James Watt said: “We are growing mega fast at the moment. We recently shared our ambitious five year plan with our equity punk shareholders, which included adding more capacity in Ellon and Columbus as well as building new breweries in Asia and Australia.
“All of these projects are immediate opportunities and they all link completely back into our core mission of making other people as passionate about great craft beer as we are.
“This deal will enable us to take our business, and our community’s investment in BrewDog, to the next level.”
The transaction values BrewDog at approximately £1 billion enterprise value, and is designed to deliver long-term capital within ten years. The company provided all equity punks with the details of the proposed investment in advance of a special meeting held on 29 March 2017 and they overwhelmingly approved the terms by a vote of 95% in favour.
TSG Consumer Partners managing director Blythe Jack added: “BrewDog is an ideal fit for TSG’s mission which is to partner with visionary founders building next generation consumer brands.
“The company is truly a pioneer and leader in the rapidly emerging international craft beer market. We look forward to working with BrewDog and its founders as it continues to innovate, expand and harness a unique rebellious energy.”
TSG Consumer Partners is a San-Francisco based strategic equity investor in high-growth consumer brands. TSG was founded in 1987 and has helped over 70 brands grow, including successful investments in global brands like vitaminwater, thinkThin, popchips and many others.
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