Investment Summary

Anheuser-Busch InBev Exits Northern Brewer

On July 11, 2019, private equity firm Blackstreet Capital Management invested in retailer Northern Brewer from Anheuser-Busch InBev

Investment Highlights
  • This is Blackstreet Capital Management’s 1st transaction in the Retail sector.
  • This is Blackstreet Capital Management’s 18th transaction in the United States.
  • This is Blackstreet Capital Management’s 1st transaction in Minnesota.
Investment Fate
  • Northern Brewer was sold to a strategic buyer in 2024.

Investment Summary

Date 2019-07-11
Target Northern Brewer
Sector Retail
Investor(s) Blackstreet Capital Management
Sellers(s) Anheuser-Busch InBev
Deal Type Divestiture

Target

Northern Brewer

Roseville, Minnesota, United States
Northern Brewer is a multi-channel marketer of home brewing supplies, winemaking supplies, beer kits, and equipment to craft brewing enthusiasts. The company sells it's products online and at 3 retail stores. Northern Brewer was founded in 1993 and is based in Roseville, Minnesota.

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Investor(S) 1

Investor

Blackstreet Capital Management

Chevy Chase, Maryland, United States

Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 36 of 38
Sector: Retail M&A 1 of 2
Type: Divestiture M&A Deals 5 of 5
State: Minnesota M&A 1 of 1
Country: United States M&A 18 of 19
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Mom365

Maryland Heights, Missouri, United States

Mom365 is a provider of professional in-hospital newborn photography services in United States. Mom365 was founded in 1947 and is based in Maryland Heights, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Cartesian

Boston, Massachusetts, United States

Cartesian is a provider of strategy, management, operational and e-business consulting services to the global telecommunications industry. Cartesian was founded in 1990 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

Anheuser-Busch InBev

Leuven, Belgium

Category Company
Founded 1366
Sector Beverages
Employees155,000
Revenue 59.8B USD (2024)
DESCRIPTION

Anheuser-Busch InBev is a multinational brewing company that primarily markets and distributes beer, but also produces and markets soft drinks. Ist brands include Beck's, Budweiser, Bud Light, Corona, Castle, Castle Lite, Hoegaarden, Leffe, Aguila, Antarctica, Brahma, Cass, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, Skol, Stella Artois. Anheuser-Busch InBev was founded in 1366 and is based in Leuven, Belgium.


DEAL STATS #
Overall 7 of 7
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 7 of 7
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Nueva FÃ brica Nacional de Vidrio S. de R.L. de C.V.

Coacalco de Berriozábal, Mexico

Nueva FÃ brica Nacional de Vidrio, S. de R.L. de C.V. plant has four furnaces to produce and supply approximately 300,000 tons of glass containers annually for Grupo Modelo brands, which include Corona, Modelo Especial and Pacifico.

Sell $188M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Craft Brew Alliance

Portland, Oregon, United States

Craft Brew Alliance is a craft brewing company that brews, brands, and brings to market world-class American craft beers. The company operates breweries and brewpubs across the U.S. CBA beers are available in all 50 U.S. states and 30 different countries around the world. Craft Brew Alliance was founded in 1981 and is based in Portland, Oregon.

Buy -