General Atlantic Leads $50 Million Equity Financing Round for Athletic Brewing

Dear Client:  A year and a half after news that KDP would invest $50 million (for a minority stake) in the fast-growing non-alc beer leader, Athletic Brewing Co. is announcing that it has closed a new $50 million equity financing round led by General Atlantic, which has assumed a seat on the company’s Board of Managers.  Multiple existing investors are participating.  “Athletic plans to use the new capital to drive continued long-term growth,” it said, including through their just-purchased, third