Crowdcube success and Scottish brewery Innis & Gunn has reportedly received a 15 million offer from U.S. private equity firm, L Catterton. The firm is set to take a 27.9% stake in the brewery.
According to Insider, If the offer is approved, founder of Innis & Gunn, Dougal Sharp, will continue to remain the largest single shareholder in the brewery. Speaking about the L Catterton offer, Sharp stated:
“The craft beer category is booming globally, and this is a hugely exciting opportunity at the right time for us to build strongly on the solid foundations that have been laid to double our 2015 turnover by 2018. Innovation and quality have been at the heart of Innis & Gunn’s success since day one, and this continues to drive us forward. Aside from providing additional capital to accelerate our growth plans, we believe L Catterton will strengthen our business with unparalleled expertise in brand building and a deep understanding of global consumer markets, sharing our vision and supporting our continued expansion and growth.”
The L Catterton offer comes less than a month after Innis & Gunn announced its annual gross profits have increased from£6.8 million in 2015 to £8.5 million, and annual group turnover has raised by 22% to more than £14.3 million. The brewery also purchased Inveralmond Brewery in Perth, opened two new bars in Scotland, and has signed distribution agreements in France, China, Hong Kong, and Taiwan.
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