In This Issue:

- The Use of Alternative Credit in Europe

- Buying and Selling a Craft Brewery in the United States

- Excerpt from The Use of Alternative Credit in Europe:

As a result of the reduced availability of conventional credit from lending institutions in the wake of the financial crisis of 2008, Europe has been eager to develop an alternative credit market to unlock the demand for money from small and medium sized enterprises (SMEs). Private equity firms and corporate entities unable, or unwilling, to enter the public debt capital markets can tap into the growing private placement markets as an alternative credit source. A number of recent developments in the United Kingdom and Europe serve to illustrate an increased confidence and desire to develop strong private placement markets in these jurisdictions.