Private Equity Acquisition
Food & Beverage
Spayne Lindsay & Co. is delighted to announce the sale of a 27.9% minority stake in Innis & Gunn to L Catterton.
Spayne Lindsay is delighted to announce that it has advised L Catterton, one of the largest and most experienced consumer-focused private equity groups in the world, on its minority stake acquisition in Innis & Gunn, one of the UK’s most successful international craft brewers.
Founded in Scotland in 2003, Innis & Gunn has grown to be the No. 2 craft brewer in the UK off-trade, No.1 imported craft beer in Canada and No. 2 in Sweden, and exports to over 28 countries. Expansion in the past two years has seen the successful opening of four Beer Kitchens in Scotland, and has established the brewer’s home for barrel-ageing and innovation at the new Innis & Gunn Brewery in Perth. Innis & Gunn group turnover increased by 22% to more than £14.3m in 2016.
Jean-Philippe Barade, Partner at L Catterton, commented:
“The craft beer category is booming globally and Innis & Gunn has established a leading position in the market with its focus on high quality and distinctive beers. With an unmatched portfolio of products, successful retail brand, and recently acquired brewery, the potential for this brand and business is hugely exciting and it is in an exceptionally strong place to capitalise on the growth in consumer demand for craft beer. We look forward to working with Dougal and the outstanding team at Innis & Gunn to support their vision for growth.
Spayne Lindsay advised us on this transaction, and we found their knowledge and insights into Innis & Gunn, the craft beer space and broader alcoholic beverage category very helpful. They combine sector expertise with technical competence and a pragmatic approach”.