BrewDog valued at £1bn after investment from San Francisco-based private equity firm

Since its launch 10 years ago, the company has grown from two to over 540 employees and more 32,000 shareholders

Josie Cox,Beth Timmins
Monday 10 April 2017 15:19
Comments
As of 2015, BrewDog operated 44 bars including several in London
As of 2015, BrewDog operated 44 bars including several in London

Britain has a new unicorn.

BrewDog, the independent craft brewer that was launched in 2007 in a garage in Scotland by two 24-year olds, is now valued at £1bn.

The company on Monday said that TSG Consumer Partners, a San Francisco based private equity investor, had bought a 23 per cent stake in the group.

Almost half of the £213m transaction will go towards funding BrewDog’s expansion and the company said that the deal is “designed to deliver long term capital to investors in a 10-year time horizon”.

It said that the proposed investment was presented to shareholders at a special meeting at the end of March and that 95 per cent approved of it.

“This deal will enable us to take our business, and our community’s investment in BrewDog, to the next level,” said co-founder, James Watt.

Since its launch 10 years ago, the company has grown from two to over 540 employees and more 32,000 shareholders.

The founders started by brewing tiny batches, filling bottles by hand and selling beer at local markets and out of the back of their van. As of 2015, BrewDog operated 44 bars including several in London.

Last month, BrewDog announced plans to open the world's first crowdfunded beer hotel in Columbus, Ohio.

Called “The DogHouse,” the £6m hotel will serve beer breakfasts, offer beer-based spa treatments, a beer fridge in the shower and hot tubs filled with Punk IPA beer.

Mr Watt said that BrewDog’s mission when it was launched was to “make other people as passionate about great craft beer as we are”.

“We remain more laser focused on that goal than ever before,” he said on Monday.

TSG Consumer Partners has invested in over 70 consumer brands, including vitaminwater, and popchips.

Blythe Jack, a managing director at the group said that she looks forward to working with BrewDog and its founders “as it continues to innovate, expand and harness a unique rebellious energy”.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in