The Scotland based craft brewery, Brewdog, has gained unicorn status by securing a whopping £213m investment from US private equity firm, TSG Consumer partners.
TSG Consumer partners have acquired a 22.3% stake in the Aberdeenshire based brewer, now valued at over £1bn. Of the £213m investment, “Punk” Founders James Watt and Matt Dickie will receive a £100m payout, with a further $100m being invested into the business. The remaining money will be used to buy shares from 55,000 early investors, most of whom supported the companies initial crowd funding campaigns.
Brewdog was founded in 2007 with a £20,000 bank loan, since then it has gone onto become one of the most popular craft beer brands around. They have seen huge growth in the last decade, with last year’s revenues more than £70m and pre-tax profit of $7m.
This investment is welcome news as the company aims for global expansion, with construction underway for a new brewery in Ohio.
(Photo credit: Brewdog)