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BrewDog announces £100 million investment from TSG Consumer Partners
10/04/2017 - 10:10
Independent craft brewer BrewDog has announced that TSG Consumer Partners has acquired approximately 23% of the company.
Written by Andrew McClean
The £213 million transaction, including £100 million to fund global expansion, values the Scottish brewer at £1 billion and is designed to deliver growth over the next ten years.
James Watt, co-founder at BrewDog, said: “We are growing mega fast at the moment. We have broken the record for most consecutive years on the Sunday Times Fast Track 100 and in 2017 we are forecasting our growth will be even faster.
“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.”
At a £1bn valuation, shares purchased in Equity for Punks I, which closed in February 2010, are now worth 2,765% of their original value.
TSG Consumer Partners is a San-Francisco based strategic equity investor in high-growth consumer brands.