The $352 million private equity investment in BrewDog will in part fund an Australian brewery for the company, according to co-founder James Watt.
TSG Consumer Partners has acquired approximately 23 per cent of BrewDog in a £213 million ($352 million) transaction involving £100 million to fund its continued global expansion, with the balance of proceeds providing for early shareholder liquidity.
The transaction valuing BrewDog plc at approximately £1billion is designed to deliver long-term capital with a 10-year time horizon, the brewer said.
“We recently shared our ambitious 5-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,” said James Watt in a blog on Monday.
“This deal will enable us to take our business, and our community’s investment in BrewDog, to the next level.”
The £1 billion valuation means shares purchased in Equity for Punks I – BrewDog’s first crowdfunding scheme that closed in February 2010 – are now worth 2,765 per cent of their original value, according to the company.
“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 per cent in just one year,” it said.
BrewDog could not be contacted for commented on the plan to open a brewery in Australia, which is also in line for BrewDog bars, according to its website. There are now 44 BrewDog bars globally.