Avery Brewing Sells Minority Stake to Mahou San Miguel

Dear Client:Spain's Mahou San Miguel, who three years ago announced a 30% minority stake purchase in Founders Brewing Co. in Michigan, has invested in another American craft brewer: Colorado's Avery Brewing Co.Mahou San Miguel is coming on "as a minority investor and long-term strategic partner in the brewery," per announcement.First Beverage Group is serving as exclusive financial advisor to Avery Brewing Co. in the transaction. The deal is expected to close in January 2018."Investments will support Avery Brewing in their