TSG acquires 22 pct of BrewDog

TSG Consumer Partners has acquired a 22 percent stake in BrewDog plc. The deal is worth 213 million pounds ($264 million), a statement said. Of the proceeds, 100 million pounds will be used for BrewDog’s continued expansion and the balance to create early shareholder equity, the statement said. The deal values BrewDog at 1 billion pounds. BrewDog, of Scotland, is a craft beer maker; brands include Elvis Juice, a grapefruit infused IPA, Dead Pony Club and its flagship Punk IPO, an India pale ale.