Stonegate Pub Company (“Stonegate”) is the fourth largest managed pub company in the UK, operating around 700 pubs across the country. The Stonegate estate consists of traditional pubs in both high street and suburban locations as well as leading branded bars, including Slug & Lettuce, Yates and Walkabout.
From 2007 to 2010, the UK pub sector faced a challenging environment, impacted by both the smoking ban and the financial crisis. Whilst market sentiment towards the sector remained subdued in 2010, we believed there was an attractive opportunity to invest and take a leading role in restructuring the industry.
We established Stonegate in 2010 to acquire 333 pubs from Mitchells & Butlers plc. This transaction served as the platform from which we have created one of the leading managed pub companies in the UK.
What we've done
The initial Stonegate platform has grown substantially through a series of eight add-on transactions, with a focus on building the high street drinks-led pub market champion.
We hired an industry-leading management company and have supported them in integrating these add-on acquisitions, as well as driving performance through a number of operational initiatives and highly accretive refurbishment programmes across the estate.