How private equity swallowed the BrewDog Unicorn

United Kingdom | Analysing BrewDog’s 2017 deal with private equity outfit TSG Consumer Partners (TSG) that established James Watt as the founder of a unicorn (a company worth USD 1 billion) and made his fortune, the Financial Times, on 17 July, concluded that the 130,000 or so “Equity Punks” are sitting on worthless shares, unless a generous buyer suddenly appears for the lossmaking BrewDog.

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