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Dogfish Head Sells 15% Stake To Private Equity Firm LNK

September 30, 2015

New York-based private equity firm LNK has acquired a 15% stake in Dogfish Head, one of the country’s leading craft brewers. While financial terms of the deal weren’t disclosed, LNK says that it typically invests $50-to-$150 million in companies. The private equity firm, which says its investments are basically split 50/50 between minority and majority equity positions, has previously invested in food and beverage companies like Niman Ranch, Panera Bread and Au Bon Pain.

Founded in 1995 by Sam Calagione, the Milton, Delaware-based Dogfish Head was the 13th largest U.S. craft brewer in 2014, according to the Brewers Association. The brewer recently unveiled a new spirits range under the Dogfish Head Distilling Co. banner. The Dogfish Head deal is the latest in a flurry of recent dealmaking activity in the craft beer segment, with both equity firms and major brewers playing a key role.

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