Ledger. Australian venture funding, tracked

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Seed £120k

Diageo Acquires Tipplesworth: A Strategic Pivot Toward Premium Ready-to-Drink Innovation

Spirits giant Diageo bought British premixed cocktail maker Tipplesworth for £112 million in March 2024; the article examines the deal's rationale, the brand's retail growth, and planned expansion into Canada, Australia and the US.

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Diageo Acquires Mr Black Cold Brew Coffee Liqueur: What This Strategic Move Means for Premium Spirits, Coffee Culture, and the Future of RTD Innovation

Retrospective look at Diageo's 2024 buyout of Australian coffee liqueur maker Mr Black, covering the deal price, brewing process, US market performance, competitor responses, and Diageo's growth plans for the brand.

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Venture debt £4.1m

Diageo Exits Distill Ventures: 42 Jobs Cut Amid Strategic Retreat from Craft Beer Equity Portfolio

A retrospective on Diageo shutting its craft-investment arm in 2024: 42 roles cut, brands including Camden Town, Little Creatures and Cigar City sold, and what corporate retreat means for independent brewers.

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Diageo Acquires Mr Black Coffee Liqueur: A Strategic Move in the Premium Ready-to-Drink and Espresso Martini Era

Spirits giant Diageo has bought the Sydney-founded coffee liqueur maker Mr Black; the piece examines the price, the cocktail trend behind it, rival acquisitions, and what comes next for the brand.

Funding announcement

Fermentum Grows Melbourne Footprint With Two Birds Brewing Purchase

Private-equity-backed drinks group Fermentum has bought Melbourne craft brewer Two Birds for $24.7 million, its sixth brewery; the piece also reviews the site's sustainability record and earlier sector consolidations.

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Little Creatures Brewing Pty Ltd: A Fremantle Origin Story That Reshaped Australian Craft Beer Culture

Historical profile of the Fremantle craft brewery founded in 2000, covering its rise, its 2012 acquisition by Lion and 2023 sale to Asahi, and its lasting mark on Australian beer culture.

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