Oaktree invests £200m in RedCat
Oaktree Capital Group has provided RedCat Pub Company, a pub industry investment vehicle, with £200m in funding.
US-based Oaktree is currently investing from Oaktree European Principal Fund V, which closed on $540m in February 2020.
The company will consider acquisitions of individual pubs or pub operators. RedCat plans to partner with licensees, publicans and entrepreneurs to support the recovery of the sector and will look to acquire retail and tenanted pubs across the UK, but with a focus in the east, south-east, and south of the UK, according to a report by industry-focused publication the Caterer.
It is expected that the company will raise an additional £300m in debt, according to the Daily Telegraph.
Company
Founded in 2021 and based in London, the company will be dedicated to acquiring pubs and pub operators in the UK.
People
RedCat Pub Company – Rooney Anand (executive chairman).
Advisers
Company – Rothschild (corporate finance); Peel Hunt (corporate finance).
More on Early-stage
Sidekick spinoffs: Insurtech scale-ups attract PE interest
Investment set to break EUR 1.1bn mark this year as sponsors seek for rising stars
World Fund leads EUR 128m raise for quantum computing group IQM
Series-A2 for Finnish startup focused on combating the climate crisis also backed by the EIB
Gorillas raises circa USD 1bn in Delivery Hero-led Series C
New funding comes just seven months after a Series B, with the company doubling in value
French mega-rounds shoot up in 2021
France has already seen as many rounds of EUR 100m and above than in 2019 and 2020 combined, Unquote Data shows
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater