BrewDog, the independent brewery and bar-chain owner, has received a £213 million investment from TSG Consumer Partners that values the company at £1 billion, according to multiple reports. Founders James Watt and Martin Dickie, and other shareholders, could share up to £100 million of that investment between them, The Sunday Times reports.
TSG, a San Francisco buyout firm that also owns Popchips and Glaceau Vitaminwater, now owns 22% of BrewDog.
More than 50,000 beer fans who invested in Brewdog’s crowdfunding over the years were told the deal had boosted the value of their investment by as much as 2,765 per cent.
The firm will also offer other shareholders the opportunity to cash out up to 15 per cent of their equity, or up to 40 shares.
Last year the company amended its constitution so that it could never be sold to a “monolithic purveyor of bland industrial beer.”
BrewDog is currently trying to open a hotel in Columbus, Ohio.
More from Business Insider UK:
- London fintech business Azimo is opening in Dublin to cope with Brexit
- Watching sweets and chocolate melt in fast motion is strangely hypnotic
- The 17 best tech email newsletters you need to subscribe to
- These are the 18 most-wanted singles in London, according to the dating app Happn
- Gibraltar’s leader: ‘Gibraltar is not a bargaining chip’ and ‘we want to stay British’
Business Insider Emails & Alerts
Site highlights each day to your inbox.