After selling a 22% stake to American private-equity firm TSG Consumer Partners for £213m in April, Scotland’s largest independent brewery is now valued at £1bn. Founded 10 years ago by James Watt and Martin Dickie, both 34, BrewDog already had 55,000 shareholders following crowdfunding campaigns. The investment will fuel expansion in America where it is opening a brewery and hotel in Ohio. The craft beer company, best known for its Punk IPA, exports to more than 60 countries. International sales reached £13.4m last year.
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