The founders of craft beer producer and bar chain Brewdog have confirmed that the sale of part of their follow on investment private equity is the first step in plans to launch an IPO within the next five years. That’s one of the reasons we wanted to partner with TSG. They have successfully done IPOs before, which is our long-term plan.
113m goes towards early shareholder liquidity. Watt remains the largest shareholder, reducing his stake from 35 per cent to 25 per cent, while Dickie’s will be reduced from 30 per cent to 22 per cent. Watt also said that the investment would go towards expansion into Asia and Australia, where the company is currently scoping out potential brewing sites. Crowdcube crowd investment campaigns, gave the green light to the investment last month. Crowd investors may be in for big returns though, as Brewdog claimed that those who invested in the first round of fundraising back in 2010 now owns shares worth 2,765 per cent of their original value.
As part of the TSG deal, shareholders will be offered the chance to sell a maximum of 40 shares. 113m pot of cash to conduct the buyback. Anyone who refuses the offer will be gifted a voucher for six cans of Brewdog’s newest IPA, in a bid to encourage investor loyalty. Watt sought to calm fears that the company might be losing its independent “punk” roots, saying “Martin and I still remain controlling shareholders and fully committed to Brewdog, and this investment will allow us to accelerate our mission.
We’re not going to let the deal go to our heads, but Martin did buy himself a new jumper. Equity A known leader in the development of private equity investment strategies, Heitman actively manages separate account and commingled fund portfolios across North America, Europe, and Asia-Pacific. Extensive experience Heitman has over 30 years of experience investing in private real estate equity. Our real estate experience, business platform, and investment track record make us one of the leading managers in the industry. Our business is structured to provide the highest level of service and meet the objectives of our investors.
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