TDR Capital 

Stonegate Pub Company is the largest privately held managed pub operator in the UK.

Stonegate Pub Company acquired an estate of over 330 pubs located throughout the UK from Mitchells & Butlers plc (“M&B”) in November 2010. This estate is primarily freehold-backed and consists of branded and unbranded sites in the following formats across the UK: Community Pubs, which are local pubs catering to neighbourhood customers; Town Pubs, which are high-street pubs; Bars & Venues, which are late-night bars and nightclubs; Scream bars, which are bars targeted at students; and other managed pubs. In June 2011 Stonegate merged with Town & City Pub Company Limited adding a further 230 UK pubs to its estate, including the Yates's and Slug & Lettuce brands.

Transaction

In November 2010 TDR acquired a portfolio of over 330 managed pubs from M&B, a UK public company. The investment in the estate was attractive for a number of reasons including the potential for operational improvement and as a platform to participate in industry restructuring. The estate acquired by Stonegate is intended to form the nucleus of a new pub and leisure group that plans to expand as the pub and on-trade industry undergoes re-organisation over the coming years.

In line with this strategy, in June 2011 Stonegate merged with Town & City Pub Company, creating the largest privately held managed pub operator in the UK with an estate of 560 pubs.

 

UK Geography: UK
Website: http://www.stonegatepubs.com

Algreco ASK Center Parcs Europe
Center Parcs UK David Lloyd Leisure Lowell Group
LPR Pearl Group Pizza Express
Punch Taverns Rapala Stonegate Pub Company
Virgin
William Scotsman