BrewDog Sells Stake to Pabst Investor TSG

Dear Client:Yes, the Scottish "punk" brewers, famous for being super indie and anti-corporate, have sold a 22% stake in their company to private equity firm TSG Consumer Partners (who are also partners in Pabst and SweetWater). In a message to shareholders, co-founder James Watt (who famously refused to speak at our Beer Summit because he found it "too corporate"), wrote that they sold "approximately 22% of the company in a transaction where £100 million in proceeds went into the Company