Innis & Gunn shareholders accept investment offer
Shareholders in beer company Innis & Gunn have voted to accept a £15 million investment offer which values the business at £54m.
The craft brewer, which owns Inveralmond Brewery in Perth, has sold a 27.9% stake in the company to L Catterton.
The completed deal will fuel the Scotlandbased company’s growth plans in the UK and internationally.
Founder and master brewer Dougal Gunn Sharp, who will remain the biggest shareholder, said the offer would be “massively good news” for the Perth brewery, which Innis & Gunn acquired last year.
Mr Sharp said: “With the backing from our shareholders we’re excited to move forward, strengthened with the support of L Catterton’s unparalleled expertise in brand building and understanding of global consumer markets.
“This is a huge opportunity at the right time for us to build on the solid foundations that have been laid to double our 2015 turnover by 2018.”
Innis & Gunn Brewing Company Limited generated revenues of £13.1m in the year to December 31 2016, up from £11.8m the year previous.
Jean-philippe Barade, partner at L Catterton, said: “The craft beer category is booming globally and Innis & Gunn has established a leading position in the market.”