TDR Capital acquires pubs portfolio from Mitchells & Butlers

TDR has created the Stonegate Pub Company to operate the newly acquired portfolio. The private equity house foresees a significant reshaping of the UK pub industry in the coming years, and set up Stonegate Pub Company as a platform for future consolidation.

The deal marks the second divestment for Mitchells & Butlers in August, following the sale of Hollywood Bowl to AMF Bowling and CBPE Capital. According to the company's CEO, this disposal strategy will result in the sale of up to 15% of the group's estate. The proceeds will be used to shift focus to the eating-out market and away from strictly drinking establishments; they will also help to reduce Mitchells & Butlers' debt burden.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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• Topics
• UK / Ireland
• Buyouts
• Consumer