Overview
- BrewDog confirmed it has engaged AlixPartners to run a competitive process assessing a sale or next-phase funding, with no final decisions announced.
- Advisers and analysts indicate the company could be carved into bars, the brand, and brewing operations across Scotland, the US, Australia and Germany.
- The Equity for Punks scheme raised about £75m from roughly 220,000 retail investors, many of whom now expect little or no cash return beyond perks.
- Some analysts say TSG’s 18% compound-return agreement could claim up to £800m from any deal, a structure that would further subordinate small shareholders.
- Co‑founder James Watt left as CEO in 2024, retained a stake and is reported to be exploring a comeback, following reputational controversies and bar closures in 2025.