Auction
Key Challenge
Modern Times Beer and Coffee: Onyx was engaged as the exclusive sales agent in the going concern sale of Modern Times Beer & Coffee. The offering included Modern Times’s IP (patents, trademarks and brands), two operating breweries capable of producing 60,000+ barrels annually, two restaurants, four taprooms, inventory, and misc. equipment.
Key Takeaway
$7,620,000 Stalking Horse Bid – Onyx was engaged as the exclusive sales agent in the going concern receivership sale of Modern Times Beer & Coffee, including all IP (patents, trademarks and brands) two operating breweries, two restaurants and four taprooms. Onyx secured a Stalking Horse bid and then procured additional qualified overbidders to participate in an auction resulting in over 70 individual bids and a winning bid well over the initial stalking horse bid. The sale was completed and fully funded in late October 2022.