Brewdog investors lose all their money

[enfieldspares]

Bad luck for the folk that lost their jobs. Not at all nice. But for the investors via "Equity for Punks"? Welcome to the real world of stocks and shares. Alas the estate they owned was sold to and bought up by another rewilding consortium.

Hundreds of people have been made redundant and dozens of bars have closed after craft beer firm Brewdog went into administration.

US beverage and medical cannabis company Tilray has bought the company's UK brewing operations, brand and 11 pubs in a £33m deal.

Administrators said the sale had preserved 733 jobs - but that 484 jobs had been lost and 38 bars had closed after they were not included in the rescue deal.

And they said no equity holders - including those who invested in the brewer's Equity for Punks scheme - would get any return from the deal.

 

[WW.]

To be honest it sounded like a pretty toxic company a few years ago. Shame for those who have lost out, and for the estate.

 

[NullMac]

The Punks were screwed in 2017 when the Boys sold 22% for £213m. The investor got pref shares with an 18% annual coupon probably some kind of PIK note.

A paper valuation of £1bn probably means that the twa teuchters got a better class of lay but for the Punks it meant £213m of real money ahead of any return to them rising at roughly £40m a year. They were screwed then but just didn’t realise it. Dunno if they had an opportunity to exit then or not.

Apparently the Preference Share holders were owed over £800m at the fire sale (ie ahead of the Punks), but a real cash loss of £213m is going to nip a bit.

In reality a lot of the Punks bought a couple of shares so they could go have a world class **** up at the AGM, so money well spent for those guys no matter what

 

[Smellydog]

Goggleegook to me that.

 

[Stumpy2]

Be interesting to see if the FCA look into where all the money went buying land for carbon capture and who owns that land now the companies bust?

 

[enfieldspares]

Be interesting to see if the FCA look into where all the money went buying land for carbon capture and who owns that land now the companies bust?

It was sold to another rewilding interest.

 

[Stumpy2]

Sunday 5th October 2025 in The Observer:

A spokesperson for BrewDog said: “We’re not commenting on the financial arrangements of the sale of the Lost Forest. We’re proud of all that has been achieved and of the legacy we leave, but the time is right to hand over the reins to an organisation that specialises in protecting and investing in natural capital.”

lots of Scottish government money grants to plant trees that then died…