Private equity firm L Catterton to invest in Innis & Gunn

Drinks: Beers, Drinks
Other: Business

Scottish brewer Innis & Gunn has made a recommendation to its shareholders to consent to an investment offer from private equity firm L Catterton.

The move follows the company’s fairly aggressive expansion over the past two years, which has included the opening of four Beer Kitchen pubs in Scotland, and a new brewery in Perth. The brewer recently reported a 22% increase in its annual group turnover to more than £14.3m in 2016.

Volume over the past five years has increased by 175%, taking into account Inveralmond Brewery brands which were integrated into the Innis & Gunn business last year.

‘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,’ Dougal Gunn Sharp, Innis & Gunn founder and master brewer said.

‘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.’

L Catterton was formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault.

About Author

Claire Dodd

As a freelance journalist, Claire has written about pretty much any topic you can imagine, from which are the best sausages, to how to flood-proof your home. However, her writing on drinks began when she landed a job as a features writer for the Publican magazine in 2007. Adjusting to a lifestyle of sampling the best drinks from around the world was tough, but someone had to do it. Having left the title in 2011, today Claire focuses on drinks and travel writing for both consumer and trade titles. Aside from searching the globe for the best drinks, and the nicest spots to consume them, she also judges global brewing competitions and keeps an eye on the business moves of the on-trade.

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