TSG invests £213m in Brewdog

The deal will reportedly see TSG acquire a 22% stake in the business and will be structured as £113m in replacement capital, with the company's co-founders and early-stage investors making a partial exit, and £100m in expansion capital.

According to The Guardian, the GP will be awarded preferential shares giving it the right to an 18% annual return on exit.

Early-stage backers that took part in the Aberdeenshire-based brewer's crowdfunding rounds will be able to sell up to 15% of their shares and up to a maximum of 40 shares, according to reports.

By the end of 2015, the company had raised a total of £14m via crowdfunding, according to publicly available documents.

Brewdog is currently building a brewery in Columbus, Ohio, in order to meet the increasing demand from US customers. The facility is scheduled to be operational by September 2017.

The business was founded in 2007 by Martin Dickie and James Watt and generated revenues of £71m in 2016 with pre-tax profits of more than £7m.

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom