Consortium Including Charlesbank, Oaktree and Blue Ribbon Partners Recapitalizes City Brewing Company
March 16, 2021
A consortium led by Charlesbank Capital Partners with participation from Oaktree Capital Management, Blue Ribbon Partners and City Brewing management agreed to an equity investment to acquire 100% of City Brewing Company; the transaction was expected to close in April 2021. The recapitalization will fund a $630 million investment program to expand capacity, launch a West Coast facility (the Irwindale Brew Yard acquired from Pabst Brewing Company), and support leadership transitions and growth initiatives.
- Buyers
- Charlesbank Capital Partners, Oaktree Capital Management, L.P., Blue Ribbon Partners, LLC, City Brewing management
- Targets
- City Brewing Company, LLC
- Industry
- Food & Beverage
- Location
- Wisconsin, United States
- Transaction Type
- Recapitalization
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