Scottish brewer Innis & Gunn is to sell a stake in the business to luxury goods giant L Catterton, owner of brands such as Moët & Chandon, Dior and Louis Vuitton.
L Catterton, which was formed with the the merger of luxury goods giant LVMH and private equity firm Catterton Partners, is to take a 27.9 per cent stake in the business for £15m.
This will give Innis & Gunn, which was founded in 2003 and exports to 28 countries, an estimated value of about £58m.
The firm increased its turnover to £14.3m last year which was up 22% on the previous year.
If approved by the shareholders Innis & Gunn’s founder Dougal Gunn Sharp will still remain the single largest shareholder in the company.
He said: “The craft beer category is booming globally, and this is a hugely exciting opportunity at the right time for us to build strongly on the solid foundations that have been laid to double our 2015 turnover by 2018.
“Innovation and quality have been at the heart of Innis & Gunn’s success since day one, and this continues to drive us forward.
“Aside from providing additional capital to accelerate our growth plans, we believe L Catterton will strengthen our business with unparalleled expertise in brand building and a deep understanding of global consumer markets, sharing our vision and supporting our continued expansion and growth.”
