Independent craft brewer BrewDog’s sale of 23% of its shares to TSG Consumer Partners – in a deal worth £213M – was Catalyst’s third top deal of 2017.
The sale included £100M to fund BrewDog’s continued global expansion, with the balance of proceeds to provide for early shareholder liquidity. The transaction valued BrewDog at about £1bn enterprise value.
Catalyst said: “The deal is a great example of a successful crowd funded growth story going global with both a US investor and overseas export.
“At a £1bn valuation, craft beer fans that invested in Equity for Punks IV [BrewDog’s crowd-funding scheme], which closed in April 2016, have seen the value of their shareholding increase by 177% in just one year.”