We are advising Durational Capital Management on the transaction

Davis Polk is advising Durational Capital Management, LP in connection with its strategic growth investment in Garage Beer. Under the terms of the transaction, Durational will become a large shareholder of Garage Beer, joining existing owners and operators Travis and Jason Kelce. Proceeds from the investment will be used to support Garage Beer’s marketing, sales force and field resources, with the goal of accelerating nationwide expansion and deepening relationships with distributors, retailers and customers.

Garage Beer is the fastest-growing independent beer brand in the United States, offering a straightforward, high-quality lager that connects with today’s consumers.

Based in New York, Durational Capital Management is an investment firm focused on high-quality consumer companies. The firm partners with top-tier management teams to drive long-term value creation and operational improvements.

The Davis Polk corporate team includes partner Brian Wolfe and associates F. Adam Abulawi and Jonathan Bi. Partner Ethan R. Goldman and counsel Liang Zhang are providing tax advice. Partner Jennifer S. Conway and associate Hao (Leo) Hu are providing executive compensation advice. Partner Pritesh P. Shah is providing intellectual property advice. Partner Michael S. Hong and counsel Amy Ross are providing investment management advice. All members of the Davis Polk team are based in the New York office.

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