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Avery Brewing Sells 30 Percent Stake to Mahou San Miguel

Brewbound.com: Colorado’s Avery Brewing today announced the sale of a 30 percent stake to Mahou San Miguel, a Spanish brewing company founded in Madrid in 1890. Specific terms of the deal, which is expected to close in January 2018, were not disclosed. Avery marks the second U.S. investment for Mahou, which acquired a 30 percent […]

Avery Brewing Sells Minority Stake to Mahou San Miguel

Craft Business Daily: Spain’s Mahou San Miguel, who three years ago announced a 30% minority stake purchase in Founders Brewing Co. in Michigan, has invested in another American craft brewer: Colorado’s Avery Brewing Co. Mahou San Miguel is coming on “as a minority investor and long-term strategic partner in the brewery,” per announcement. First Beverage […]

Beverage Investor Pins Hopes on Hard Stuff

Los Angeles Business Journal: By Caroline Anderson A Century City-based investment bank that has focused on backing startups making nonalcoholic beverages is growing up a little for its second fund. First Beverage Group, which raised $64 million last month for the new fund, will include companies making alcoholic drinks this time around. That’s a departure […]

First Beverage Group Acts as Financial Advisor to 21st Amendment Brewery and Funkwerks Brewing Company in Their New Partnership with Brooklyn Brewery

First Beverage Group: First Beverage Financial, the investment banking arm of First Beverage Group, announced that it acted as the exclusive financial advisor to both 21st  Amendment Brewery and Funkwerks Brewing Company in their new partnership with Brooklyn Brewery.  The partnership includes an expanded sales and marketing relationship and, as part of the agreements, Brooklyn […]