<p>Independent Scottish craft beer brewer BrewDog has sold a 22.3 percent stake to U.S. private equity firm TSG Consumer Partners to fund its global expansion plans, including the launch of a series of brewery hotels.</p>
<p>The $264 million investment takes the 10-year-old company's value to $1 billion, and pre-empts intentions to take the firm public, co-founder James Watt told CNBC.</p>