Hard seltzer brand, Berczy, has announced it has raised £475,000 in equity funding, from a new investor. The cash injection comes from a US Private…
Hard seltzer brand, Berczy, has announced it has raised £475,000 in equity funding, from a new investor. The cash injection comes from a US Private…
Bargain Booze owner Conviviality has failed to raise the £125 million it needed to shore up its finances and prevent it from going under. It is now careering towards administration and said it is in talks to sell off all or parts of the business to interested parties. It added that shareholders in the group would receive “little-to-nil” value in their investment. More than 3,000…
Brewdog has extended the investment deadline for its latest Equity for Punks crowdfunding programme and upped its target to a maximum of £50million. The independent craft brewery launched the newest round of crowdfunding in October last year and it set out to raise £10 million in an initial 90-day period, but it has now raised more than £11.3 million from in excess of 24,000 investors.
The Natural Drinks Co has launched a campaign on Crowdcube for one month with the aim of raising an investment figure of £750,000 in exchange for a 5.08% equity stake. To date the campaign has hit almost 10% of its target with more than £70,000 secured in the first 24 hours. The company said its brands can “sidestep the marketplace chaos” as a result of the…
Heineken International has bought full ownership of the Californian craft brewer Lagunitas Brewing Company. The Dutch brewer acquired a 50% stake in Lagunitas two years ago and this week the Californian brewer’s founder, Tony Magee, said the company had made a decision “to connect Lagunitas completely with Heineken”. As a result of the deal Magee is reported to be taking on a newly-created role as…
Treasury Wine Estates is at the centre of a bidding war after a second private equity group launched a £1.9 billion takeover bid for the Wolf Blass and Penfolds supplier. The offer was made by TGP and follows a bid from US private equity giants KKR and Rhone Group earlier this month. Treasury previously rejected a £1.7 billion takeover bid from KKR in May. Market…
Treasury Wine Estates has rejected a £1.7 billion takeover bid from private equity group Kohl Kravis Roberts. Treasury, which supplies more than 80 globally renowned brands including Wolf Blass, Lindemans, Beringer and Penfolds, considered the offer but decided it was too low. KKR put in a bid of £2.59 per share – a 15% premium on the close of play on Monday – and despite the…
