
Originally Posted by
houston_red1967
Nae quite.....
Independent craft brewer, BrewDog, today announced that TSG Consumer Partners has acquired approximately 23% of the company, in a £213million transaction involving £100million to fund BrewDog's continued global expansion, and the balance of proceeds to provide for early shareholder liquidity. The transaction values BrewDog plc at approximately £1billion enterprise value, and is designed to deliver long-term capital with a 10-year time horizon.The Company provided all Equity Punks with the details of the proposed investment in advance of a special meeting held on March 29th, 2017 and they overwhelmingly approved the terms by a vote of 95% in favour.
TSG Consumer Partners is a San-Francisco based leading 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.
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. Even craft beer fans that invested in Equity for Punks IV, which closed in April 2016, have seen the value of their shareholding increase by 177% in just one year.