Morrison & Foerster is representing Kirin Holdings Company, Limited (Kirin), a leading Japanese company in the global food and beverage market, in connection with its equity investment for a 24.5% stake Brooklyn Brewing Corporation, a craft beer manufacturer in Brooklyn, New York, that serves customers through a network of distributors in the United States and internationally.
Most of the proceeds from the Kirin investment will be used by Brooklyn Brewery towards the development of a new brewery and beer garden in the Brooklyn Navy Yard. With the execution of the deal, Kirin and Brooklyn Brewery are simultaneously entering into a framework agreement that outlines the scope of their future collaboration in certain territories, including Japan.
The deal team was led by corporate/M+A partner Enrico Granata (NY), Thomas Chou (HK), Fuyuo Mitomi (TK) and James Robinson (TK). The team also included corporate associate Joe Sulzbach (NY), TTG partner John Delaney (NY) and associate Ken Nicholds (NY), tax partner Remmelt Reigersman (SF) and associate David Goett (NY), antitrust of counsel Aki Bayz (DC), employee benefits partner Dom Bozzetti (NY), privacy associate Melissa Crespo (NY), trademark partner Jennifer Lee Taylor (SF) and associate Amanda Phillips (SF), and FCPA partner Stacey Sprenkel (SF).
For more information, see Kirin’s press release.