US-based private equity firm TSG Consumer Partners has acquired 23% stake in BrewDog, a Scottish-craft brewery, for £213m.

The Scottish-brewer will use nearly £100m for its business expansion and the remaining proceeds will be used to create early shareholder liquidity.

Based in San Francisco, TSG has invested in some global brands including Pop Chips and Vitamin Water. This transaction has increased the value of BrewDog to £1bn, reported The Guardian.

BrewDog was founded around 10 years ago and has grown from two to more than 540 employees. It also has around 32,000 shareholders and operated 44 bars in 2015.

"This deal will enable us to take our business, and our community’s investment in BrewDog, to the next level."

This proposed investment was presented to shareholders at the end of last month. Around 95% of the shareholders approved the deal.

 BrewDog's co-founder James Watt was quoted by Independent.co.uk as saying: “This deal will enable us to take our business, and our community’s investment in BrewDog, to the next level.”

In March, BrewDog announced its plans to open a crowdfunded beer hotel in Columbus, Ohio. The £6m hotel, to be called The DogHouse, will offer beer breakfasts and beer-based spa treatments.