BrewDog barks up tree to £1bn value
An investment by a US private equity firm has boosted the value of craft beer firm BrewDog to £1bn.
TSG Consumer Partners has acquired approximately 23% of the company for £213m, with funds to be used to continue global expansion plans.
Co-founders James Watt and Martin Dickie set up BrewDog when they were 24 in response to the 'stuffy ales' which dominated the UK drinks market.
A series of crowd-funding rounds previously helped the business grow and investors voted to approve the latest investment by TSG.
The new funding will see earlier investors able to cash in some of their shares.
BrewDog said that with a £1bn valuation, shares purchased in its first crowd-funder 'Equity for Punks I' in February 2010 are now worth 2,765% of their original value.
Those who invested in Equity for Punks IV have seen the value of their shareholding increase by 177% in just one year.
Mr Watt said: "We are growing mega-fast at the moment.
"We have broken the record for most consecutive years on the Sunday Times Fast Track 100 and in 2017 we are forecasting our growth will be even faster," the co-founder.