BrewDog Sells 22 Percent Stake to TSG Consumer Partners

The self-proclaimed “punks” behind Scottish craft beer maker BrewDog have sold a 22 percent stake to TSG Consumer Partners, a San Francisco-based private equity firm with existing investments in Pabst and Sweetwater Brewing. The roughly $265 million deal, which values the company at more than $1.2 billion, according to BrewDog founder James Watt, will include $124 million of reinvestment into continued expansions in the U.S. and abroad.