BrewDog valued at £1bn
Craft beer company BrewDog has been valued at £1bn after TSG Consumer Partners spent £213m on shares in the brand.
The consumer goods investment conglomerate has bought a 22% stake in BrewDog and will spend £113m to buy shares from co-founders Martin Dickie and James Watt.
BrewDog, who has recently been accused of ‘out muscling’ the smaller craft beer companies, has grown from a £20,000 bank loan to an international craft beer giant via crowd funding which raised £50m from 55,000 investors.
BrewDog Tallinn is almost ready.
— BrewDog (@BrewDog) 9 April 2017
What do you make of our epic new international bar?
https://t.co/JLczpjGnwu pic.twitter.com/8LevgzSJJD
The craft beer company was founded in 2007 and now has around 50 bars across the UK and US which employs more than 800 staff members and produces around150,000 hectolitres of beer annually.
Investors from the crowd funding will be allowed to sell up to 40 shares or 15% of their holding in the company following the recent investment.