Here’s an update on the situation:
**Brewdog Founder James Watt Faces Data Complaints Over Shareholder Contact Amid Buyout Bid**
Brewdog co-founder James Watt is under scrutiny from the UK’s data protection watchdog after reportedly contacting former shareholders as part of his efforts to buy back the craft beer company.
The **Information Commissioner’s Office (ICO)**, the UK’s independent data regulator, has confirmed receiving complaints regarding the alleged misuse of personal data.
**Key Details:**
* **The Allegation:** Complaints center on whether Watt used a database of individuals who previously invested in Brewdog through its “Equity for Punks” crowdfunding scheme. It is alleged that these former investors were contacted directly regarding Watt’s private equity-backed bid to take Brewdog private.
* **Data Protection Concerns:** The core issue is whether contacting these individuals for a new commercial purpose – a buyout bid – without explicit and fresh consent constitutes a breach of UK data protection laws, including the General Data Protection Regulation (GDPR). Data privacy rules typically require clear consent for how personal data is used and for what specific purposes.
* **Buyout Context:** Watt is leading a consortium, backed by private equity firm TSG Consumer Partners, in an attempt to acquire Brewdog. The reported offer values the company at around £300 million, a significant discount to its valuation in previous “Equity for Punks” rounds. Contacting a broad base of former shareholders could be seen as an attempt to garner support or gauge interest for this offer.
* **ICO’s Role:** The ICO will now assess the received complaints to determine if a formal investigation is warranted. If a breach of data protection regulations is found, it could result in fines and reputational damage for those responsible.
Brewdog and James Watt have yet to publicly comment on the complaints received by the ICO. This development adds another layer of complexity to Watt’s bid to regain full control of the company he co-founded.
