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First Beverage Closes $64M Second Fund

BevNET.com: First Beverage Ventures, the private equity arm of advising and consulting firm First Beverage Group, has closed its second fund at a total of $64 million, according to paperwork filed with the U.S. Securities and Exchange Commission last week. Founded in 2013, First Beverage has made strategic investments in brands such as Health-Ade Kombucha, […]

First Beverage Group’s Townsend Ziebold: ‘It’s a Buyers Market’

Brewbound.com: By Chris Furnari After six consecutive years of double-digit growth (2010-2015) within the craft beer segment, and a three-year period of intense merger-and-acquisition activity (2014-2016), brewery multiples are beginning to normalize, according to First Beverage Group managing partner Townsend Ziebold. Ziebold, who broke down the current state of craft beer investment at the Brewbound […]

First Beverage Invests in Mezcal Brand, GEM&BOLT

BEVNET: By Ray Latif First Beverage Ventures, the private equity arm of First Beverage Group, today announced an investment in mezcal brand Gem & Bolt, marking the first time that the firm has invested in a distilled spirits company. The financing was drawn from its second fund, which also includes investments in Q Drinks and […]

First Beverage Group Invests in GEM&BOLT Mezcal

First Beverage Group: First Beverage Ventures, the private equity arm of First Beverage Group, is pleased to announce its investment in GEM&BOLT as the lead investor in an equity raise completed by the company. Distilled in Oaxaca, GEM&BOLT is an artisanal mezcal made with 100% espadin and the Mexican herb damiana, known for its mythological […]

First Beverage Scholarship Recipients Announced

First Beverage Group: First Beverage Group is proud to partner for a second year with The Metropolitan State University of Denver’s Beer Industry Operations program by offering the First Beverage Group Scholarship to exceptional students enrolled in the program.  This year’s recipients are Nathanael Roberts and John (Alex) Gearhart. Nathanael Roberts is a former Marine, […]