Summary
Richard Fisher invested £12,000 in Brewdog, a craft beer company known for its "Equity for Punks" crowdfunding scheme. Many small investors like him are concerned their investments may be lost due to Brewdog considering a sale, which may favor larger stakeholders like the US equity firm TSG Consumer Partners.
Key Facts
- Richard Fisher invested £12,000 in Brewdog through its "Equity for Punks" scheme.
- Brewdog raised about £75 million from small investors between 2009 and 2021.
- Brewdog's "Equity for Punks" was a crowdfunding scheme allowing people to buy shares and get perks like discounts and event invitations.
- In 2017, US equity firm TSG Consumer Partners bought a 22% stake in Brewdog with preference shares.
- Preference shares give TSG priority for getting their investment back if Brewdog is sold.
- Some investors are worried they may lose money if Brewdog’s value has decreased.
- Brewdog offered trading days for shareholders to buy or sell shares, but the last one was in 2022.
- Richard found out about TSG's stake and its implications on an online forum.
