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.

We have built our reputation on a track record of strategically investing on behalf of our clients. Global investment philosophy Our collaborative, multi-disciplined approach to investment has been shaped over multiple market cycles. Emphasis on high-quality, well-located property with the functional attributes to stand the test of time. Conduct extensive analysis and risk mitigation to ensure that investments meet our standards. Identify inefficiencies to implement value-creation programs through active asset management, strategically using capital at each stage of the process. Investing in private real estate equity has been a cornerstone of our firm over the past 30 years.

Our approach is customized to achieve our clients’ goals. Portfolio construction is driven by sector weightings and asset selection that consider the economic exposure of a particular metropolitan area and geography. Investments with this risk profile are typically time-sensitive and by their nature are in a less efficient part of the investable universe. These investments are typically capitalized utilizing a higher level of leverage to enhance the return on equity. For more information on how to access these solutions, please visit the Vehicles page. We strive to build long-standing partnerships with our clients — we succeed when they succeed. Recognizing that no two investors are the same, we provide clients several alternatives for accessing our private equity investment capabilities.

Commingled funds Heitman has formed and managed nearly 30 commingled fund portfolios since the 1980s. We offer both open- and closed-end commingled fund opportunities in North America, Europe, and Asia-Pacific. Capital raising is ongoing and commitments are accepted on a quarterly basis. European fund with the primary strategy of acquiring and managing rented residential assets in Western Europe, primarily within Germany and the Netherlands.

Heitman European Property Partners series: Value-added, closed-end European fund series with the primary strategy of implementing physical, financial, or operational value-creation strategies using capital wisely, along with active management to enhance the investment returns. Heitman Asia-Pacific Property Investors: Value-added, closed-end Asia-Pacific fund series with the primary strategy of forming property-level joint ventures with public and private real estate operating companies in the region to implement value-creation strategies using capital wisely, along with active management to enhance the investment returns. We are currently marketing the first fund in the series. CITs are transparent and operationally-friendly for defined contribution plans such as target date funds and real asset strategies. Our CITs trade via the National Securities Clearing Corporation with daily valuation, and provide access to private, core, commercial real estate assets that mutual funds cannot accommodate. This vehicle can also be utilized for public equity strategies.

Heitman’s US Diversified Strategy, in a CIT that offers institutional-tiered pricing. Separate account Heitman has managed assets in separate account formats for a variety of clients for over 30 years. Our approach to these relationships is customized to meet or exceed each client’s needs and objectives. Each relationship is managed by a seasoned team of real estate investment professionals. Minimum relationship size may vary depending on a client’s return and risk objectives, in addition to the strategy and region in which it’s executed.