Beer industry: Mighty craft owes creditors Pure Asset Management, KPMG, RSM over $22 million

The craft beer and spirit group, which went into administration on July 22, owns 25 per cent of fast-growing zero carb brewer Better Beer along with gin business Kangaroo Island Spirits.are the two comedians, Jack Steele and Matt Ford,

Documents lodged on August 6 with the Australian Securities and Investments Commission gave a snapshot of the financial position of Mighty Craft, after it called in administrators Ankura Consulting.Pure Asset Management, a Sydney-based boutique convertible bond fund is listed as the largest creditor. It is owed $22 million.Pure Asset Management has a 7.5 per cent stake in Better Beer through a debt-for-equity swap deal that was struck in June.

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