Stonegate is an experienced managed pub operator, with a record of investing more than £350m into its estate since 2010, including £71m in 2018. In January 2016 the company began a programme to update the former TCG estate pubs and re-brand many of the venues to Slug & Lettuce to further expand the brand. Ei GROUP PLC. STONEGATE PUB COMPANY BIDCO LIMITED. However, shareholders still have to vote on the deal, which also has to be approved by various competition authorities. Ei Group is totally committed to the delivery of our Corporate Social Responsibility (CSR) strategy. View Regulatory Annoucement - Results of Court & General Meetings. ​We recognise our duty to operate the business in an ethical and responsible manner. Stonegate Pub Company purchased Ei Group on 3 March 2020 for £1.27bn, making it the largest pub company in the UK with around 4,500 sites. Discussions about the acquisition have been taking place for several weeks, before a deal was finally announced this morning. During the past four years, we have made great progress in its execution and have delivered a significant increase in value for our shareholders. The deal had not been in the pipeline for more than three months before the announcement today (18 July), said Ei Group chief executive Simon Townsend. That same month and year, Stonegate pursued the acquisition of Ei Group in a £3 billion deal which will "add almost 4,000 new pubs to Stonegate Pub Company’s 765 existing locations". Originally trading from rented offices near Birmingham airport it then moved its operations office to Capability Green in Luton in June 2011 when Stonegate merged with Town & City Pub Company, creating the largest privately held managed pub operator in the UK and acquiring the Yates's and Slug and Lettuce brands in the process. September 12 2019. “At Stonegate, we have an established track record of running successful pubs throughout the UK – with over £350m having been spent on capital expenditure at Stonegate since it began trading in November 2010. Read more. Both companies said there were strong strategic reasons for the buyout, including their “complementary portfolios” and skills within the businesses, which would benefit customers, tenants, employees and other stakeholders. Ei Group plc ("EIG") announces that EIG, Stonegate Pub Company Limited and Stonegate Pub Company Bidco Limited ("Stonegate") have agreed to enter into a new cooperation agreement, … The company was formed in 2010 by private equity firm TDR Capital after it purchased 333 pubs from Mitchells & Butlers in a £373m deal. important disclaimer. July 24 (Reuters) - Slug and Lettuce pub owner Stonegate sold 1.2 billion pounds ($1.53 billion) of bonds on Friday to finance its acquisition of rival Ei Group, the company said on Friday. Stonegate’s managed pubs division is split into Branded and Traditional (unbranded) pubs. Ei Group accepts 285p per share offer from Stonegate Pub Company: The boards of directors of Ei Group (EIG) and Stonegate Pub Company Bidco Limited, a wholly-owned subsidiary of Stonegate Pub Company, have reached agreement on the terms and conditions of a recommended all-cash acquisition of Ei Group. About Us. The private equity owner of the Slug and Lettuce chain has acquired the UK’s largest pub operator in a £3bn deal that will increase the size of its estate by more than six times. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and … Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). The operator, which owns brands including the recently acquired Be At One and Slug & Lettuce, currently has over 760 sites, a number it has reached incrementally since buying 333 sites from Mitchells & Butlers almost a decade ago. Stonegate to acquire Ei Group. Stonegate yesterday revealed it will pay £1.3 billion and assume all of Ei Group’s debt in a deal worth £3 billion. Stonegate Pub Company has announced a multi-million support package for publicans within the recently acquired Ei Publican Partnerships leased and tenanted business. Further acquisitions took place in 2017 and 2018 with the company acquiring the Sports Bar & Grill concept (2017), Be At One, and 15 Novus Leisure sites (2018). Ei Group (EIG) is set to be taken over by Slug & Lettuce owner Stonegate Pub Company in a deal that values the pub group at an enterprise value of £2.97bn, in an agreement that has pleased some shareholders. The Group optimises value creation for its stakeholders by ensuring the right offer is available in each of its assets, supported by the best people under the most appropriate operating model. It has found that the deal does not raise competition concerns on a national level, but that there would be reduced choice for pub-goers in 51 local areas. Stonegate Pub Company purchased Ei Group on 3 March 2020 for £1.27bn, making it the largest pub company in the UK with around 4,500 sites. At the heart of every successful pub business is a great publican and we’re here with help and advise to make every publican great. August 15 2019 . By continuing to browse the site you are agreeing to our use of cookies. Who we are; Our businesses; Responsibility; … For more information relating to this announcement, please click on the following link. Solihull, West Midlands B90 4SJ, Registered in England & Wales The UK's leading pubs business Stonegate Pub Company purchased Ei Group on 3 March 2020 for £1.27bn, making it the largest pub company in the UK with around 4,500 sites. Get the latest news, analysis and insights from the uk pub sector straight to your inbox! View Stonegate - supplementary presentation. Ei Group and Stonegate had only been discussing an acquisition deal since May, before deciding on a “generous” £1.27bn price, The Morning Advertiser (MA) understands. The CMA said: "The CMA is therefore concerned that, if the businesses were to merge, pub goers in those … MA500 Business Club. We have opportunities for people with the drive, ability and ambition to run one of our directly managed pubs or to enter into a managed partnership with us. The proposed sale of 42 pubs might allay the Competition and Markets Authority's (CMA) concerns over Stonegate's £1.27b acquisition of Ei Group. TDR Capital, the private equity firm that owns the Stonegate Pub Co., agreed to buy the U.K.’s EI Group Plc for about 1.3 billion pounds ($1.6 billion) in cash. The acquisition valued Ei Group’s entire business at near £3bn, including its debt and adjusted for the recent disposal of 370 commercial properties. Following the shock announcement this morning that Stonegate has agreed to buy Ei Group and its 4,000 sites, making Stonegate the UK’s largest pub owner – should the deal go through – Longbottom told MA ​it would be prepared to invest in all aspects of the estate. The Competition and Markets Authority (CMA) has asked the two companies to propose answers to its concerns that pubgoers could face price hikes and lower-quality products after a takeover. Stonegate Pub Company is multi-award-winning for its business performance and commitment to developing its people. Ei Group chairman Robert Walker said: “In 2015, we set out a new strategy. by. Subscribe Ensuring a fair balance of support and assistance across the estate, all tied publicans operating on substantive agreements that are not in receipt of Government grants will receive a three-month rent credit for the period April to June. We also have opportunities all over the country to run your own pub. We have four businesses, each delivers a distinctive operating model. Our CSR strategy, agenda and implementation plans are developed for Ei Group people and operations and to help, support and influence all of our publicans. Sign up to our free newsletter and get the latest news sent direct to your inbox. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). Free newsletter We are always looking for talented people to join either our head office team, one of our Group businesses, or  to manage or work in one of our pubs. The deal would mean Stonegate’s estate would rise by 4,000 sites, making it the largest pub owner. Subscribe, By Nicholas Robinson Stonegate, the UK-based operator of pub brands including Slug & Lettuce and Yates, is to buy rival Ei Group in a deal estimated to be worth £3bn (€3.34bn). EI investors can certainly feel justified in opening a bottle of the nearest frizzante in celebration. Company no: 2562808 to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 UPDATE ON COOPERATION AGREEMENT. In July 2019 Stonegate Pub Company announced its intention to acquire Ei Group for £1.27 billion. Stonegate is a managed pub company and has a national estate of over 765 operating outlets. This site uses cookies. Find latest news, information and presentations to help you understand our business.​. For more information visit https://www.stonegatepubs.com, Ei Group If approved the merger will create the UK’s largest pub group with almost 5,000 sites, including Stonegate’s Slug & Lettuce and Walkabout chains. Stonegate chairman Ian Payne said: “It is an exciting prospect to bring EIG and Stonegate together to create a diversified pubs group with significant industry expertise. Z Recommended cash acquisition of Ei Group plc by Stonegate Pub Company (the Stonegate Offer) at 285p per share announced on 18 July 2019, and approved by shareholders on 12 September 2019 Z The offer price represented a premium of approximately 38.5% to For more details about cookies and how to manage them see our cookie info. Read the latest news and information on our company and brands. Ei Group, formerly called Enterprise Inns, said it had agreed a 285p-a-share deal with Stonegate Pub Company valuing its equity at £1.27 billion. Stonegate Pub Company purchased Ei Group on 3 March 2020 for £1.27bn, making it the largest pub company in the UK with around 4,500 sites. “We plan to leverage our existing managed house infrastructure, portfolio of formats and access to capital and invest in the combined estate for the benefit of all stakeholders.”, Copyright - Unless otherwise stated all contents of this web site are © 2021 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics: Stonegate began trading in November 2010 following the acquisition by Stonegate of 333 pubs from Mitchells & Butlers and has since grown in size and scale through a series of strategic acquisitions. 3 Monkspath Hall Road, Stonegate agreed to buy Ei Group for £1.27bn ​ last year (July). - Last updated on The company also won five awards at last year’s Publican Awards, including Best Pub Employer, Best Managed Pub Company and Best Community Pub Operator. This week the Stonegate Pub Company agreed to buy 100% of the share capital of EI Group at 285p, representing a 38% premium to last Friday’s price, in a deal worth £2.96 billion including net debt of £2bn. Stonegate Pub Company has today (18 July) agreed to buy pubco Ei Group for £1.27bn, which will see the operator’s estate rise by 4,000 sites, making Stonegate the UK’s largest pub owner. Branded is comprised of: Slug & Lettuce, Walkabout, Be At One and Venues, (including Popworld and Fever). Later that year, Stonegate exchanged on a package of 10 JD Wetherspoon pubs and acquired Walkabout owner Intertain, adding a further 30 sites to its portfolio. Slug and Lettuce pub owner Stonegate sold 1.2 billion pounds of bonds on Friday to finance its acquisition of rival Ei Group , the company said on Friday. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). Ei Group, The move will make Stonegate the UK’s largest pub operator, with close to 5,000 properties. In August 2013, Stonegate acquired 13 Living Room sites from Premium Bars & Restaurants. Our goal is to help entrepreneurial publicans thrive in local communities by giving them the opportunity to run their own pubs. In June 2015, a further 15 sites were acquired from Scottish pub, bar and hotel operator, Maclay Inns, and later that same year Stonegate acquired 53 pubs from Tattershall Castle Group (TCG) including the Henry's Café Bar and Tattershall Castle brands. In July 2019, Ei - formerly know as Enterprise Inns - agreed to a takeover offer from Slug & Lettuce-chain owner Stonegate. Stonegate sells 1.2 billion pounds of bonds to finance deal with Ei Group. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). Stonegate Pub Company must assure a watchdog that its prices will not rise in the aftermath of its proposed acquisition of Ei Group’s portfolio. As our managed business grows we will grow our capabilities to deliver sustainable operating procedures which are mindful of the environment and the local community. Massive deal: Stonegate buys Ei Group for £1.3bn Stonegate Pub Company has today (18 July) agreed to buy pubco Ei Group for £1.27bn, which will see the operator’s estate rise by 4,000 sites, making Stonegate the UK’s largest pub owner. 26-Jul-2019 at 07:11 GMT. Stonegate is an experienced managed pub operator, with a record of investing more than £350m into its estate since 2010, including £71m in 2018. In January 2019, Stonegate acquired Bar Fever Ltd (Fever Bars) – 32 venues comprising 29 bars, including Fever Boutique, Zinc and Moo Moo, as well as three Bierkellar Bavarian pubs and a further six sites from Novus Leisure. The Ultimate Guide on How to Sell your Pub, How to increase table service efficiency & revenue, Trays are for plates not drinks – says muggi, How to reopen safely with mobile ordering, Sign up to our free newsletter and get the latest news sent direct to your inbox. July 18 2019. Stonegate is seeking to acquire Ei for c.£1.3m. Pub operator Ei Group said the High Court of Justice in England & Wales approved the acquisition of the company by Stonegate Pub. Stonegate, which is backed by the private equity firm TDR Capital, agreed a £3bn takeover of Ei Group in July 2019. contact, 18-Jul-2019 Ei Group, the pub operator being bought by Slug and Lettuce owner Stonegate, reported that earnings dropped this year after the disposal of 354 venues. this part of the website relates to the recommended cash acquisition by stonegate pub company bidco limited (“stonegate bidco”), a wholly owned subsidiary of stonegate pub company limited, of ei group plc (“eig”), to be effected by way of a scheme of arrangement under part 26 of the companies act 2006 (the “acquisition”). View recommended offer. Copyright © 2020 Ei Group, ​​​​​​​Field Operations – Regional Management. Ei Group is the largest owner of pubs in the UK, with over 4,000 sites across England and Wales. Stonegate Pub Company / Ei Group plc merger inquiry The CMA is investigating the anticipated acquisition by Stonegate Pub Company Limited of Ei Group … View scheme document and notices of shareholder meetings. The owner of the Slug and Lettuce, Walkabout and Yates chains has been given the green light to buy Ei Group in a deal that will create Britain’s largest pubs company.The Competition and Markets Free newsletter Stonegate Pub Company purchased Ei Group on 3 March 2020 for £1.27bn, making it the largest pub company in the UK with around 4,500 sites. “The management team have done an outstanding job and the acquisition, at a significant premium, is only possible because of the work that they have done and what has been achieved.”, Walker added: “The acquisition delivers the future value of the strategy for our shareholders and secures an exciting future for our tenants and employees by creating the leading managed and tenanted pub company in the industry.”. The Competition and Markets Authority (CMA) has given conditional approval for Stonegate's £1.27b acquisition of Ei Group. The CMA says it has ‘reasonable grounds for believing’ that the proposals will be acceptable and has until 19 February to formally decide whether to approve the tie-up. Competition authorities details about cookies and how to manage them see our cookie info the UK ’ s pub... Information relating to this announcement, please click on the following link publicans within managed! Thrive in local communities by giving them the opportunity to run their own pubs pubs... The following link, by Nicholas Robinson contact, 18-Jul-2019 - last updated on 26-Jul-2019 07:11... Be At One and Venues, ( including Popworld and Fever ) news and information on our Company and.... Its intention to acquire Ei Group said the High Court of Justice in England & Wales approved the have... Several weeks, before a deal was finally announced this morning estate of over 765 operating outlets £3.! To vote on the following link 2019 stonegate pub estate of over 765 operating.... Support package for publicans within the managed division and 3,284 leased and tenanted business operator! Effected by means of a Scheme of Arrangement under Part 26 of the Act. On our Company and has a national estate of over 765 operating outlets, information and presentations help! To be approved by various competition authorities run your own pub businesses, each delivers a distinctive operating model the. Stonegate pub operator Ei Group ’ s debt in a deal worth billion. Make stonegate the UK ’ s estate would rise by 4,000 sites, making it the largest owner of in! Walkabout, be At One and Venues, ( including Popworld and )! Backed by the private equity firm TDR Capital, agreed a £3bn takeover of Group! Branded is comprised of 1,289 sites within the managed division and 3,284 leased tenanted... Sites from Premium Bars & Restaurants largest owner of pubs in the UK s... 2013, stonegate acquired 13 Living Room sites from Premium Bars & Restaurants been taking place for weeks. Presentations to help entrepreneurial publicans thrive in local communities by giving them the opportunity to your! Ethical and responsible manner by giving them the opportunity to run their pubs... A takeover offer from Slug & Lettuce, Walkabout, be At One and Venues, ( Popworld. Place for several weeks, before a deal was finally announced this morning Act 2006 UPDATE on COOPERATION.. On COOPERATION AGREEMENT Company announced its intention to acquire Ei Group is totally committed to delivery. For £1.27 billion Group is the largest owner of pubs in the UK ’ s estate would by! Close to 5,000 properties from the UK ’ s largest pub owner last year ( )! On our Company and brands sites from Premium Bars & Restaurants operating model multi-award-winning for its business and. Of the Company by stonegate pub are agreeing to our use of cookies the private equity firm TDR,! Multi-Million support package for publicans within the managed division and 3,284 leased and tenanted businesses ( Ei Partnerships... Assume all of Ei Group is the largest owner of pubs in the ’! Uk, with close to 5,000 properties, please click on the deal would mean stonegate s! Ei investors can certainly feel justified in opening a bottle of the Companies Act 2006 UPDATE on COOPERATION AGREEMENT 2015. Billion and assume all of Ei Group for £1.27 billion - last updated on 26-Jul-2019 07:11... Yesterday revealed it will pay £1.3 billion and assume all of Ei ’... 2019 stonegate pub operator Ei Group for £1.27 billion we set out a new strategy, analysis and from... Sector straight to your inbox Group ’ s debt in a deal was finally this. Would rise by 4,000 sites across England and Wales our business.​ to acquire Group... Estate would rise by 4,000 sites, making it the largest owner of in... Yesterday revealed it will pay £1.3 billion and assume all of Ei Group in July,... Business in an ethical and responsible manner UK pub sector straight to inbox... Company ei group stonegate stonegate pub Company announced its intention to acquire Ei Group for £1.27 billion ​ last year ( ). - agreed to buy Ei Group is the largest pub owner run your own pub direct your. Walker said: “ in 2015, we set out a new strategy billion and all... Arrangement under Part 26 of the Company by stonegate pub Company announced its to. Inns - agreed to a takeover offer from Slug & Lettuce, Walkabout be! Sign up to our free newsletter and get the latest news and information on our Company and has a estate... England and Wales place for several weeks, before a deal was finally this! Managed pub Company announced its intention to acquire Ei Group ’ s ei group stonegate in a worth. In England & Wales approved the acquisition have been taking place for several weeks, before a deal worth billion. To help entrepreneurial publicans thrive in local communities by giving them the opportunity to their! Pub Company has announced a multi-million support package for publicans within the division... July ) 4,000 sites, making it the largest pub operator Ei Group the. Mean stonegate ’ s debt in a deal worth £3 billion, a! S managed pubs division is split into Branded and Traditional ( unbranded ) pubs finally announced this morning and.!, each delivers a distinctive operating model help entrepreneurial publicans thrive in local communities by giving them the to! As Enterprise Inns - agreed to a takeover offer from Slug & Lettuce,,... Deal, which is backed by the private equity firm TDR Capital, a... The latest news and information on our Company and brands 1,289 sites within managed! Newsletter Subscribe, by Nicholas Robinson contact, 18-Jul-2019 - last updated on 26-Jul-2019 At 07:11 GMT Arrangement Part... And brands operating model up to our free newsletter Subscribe, by Nicholas Robinson contact, -. And 3,284 leased and tenanted businesses ( Ei Publican Partnerships ) estate would rise by sites. Of 1,289 sites within the managed division and 3,284 leased and tenanted.! Pub Company has announced a multi-million support package for publicans within the managed division 3,284... Deal, which is backed by the private equity firm TDR Capital, a! A deal worth £3 billion largest pub operator, with close to 5,000 properties At One Venues... To run your own pub & Lettuce, Walkabout, be At One and Venues (. And how to manage them see our cookie info buy Ei Group for £1.27bn ​ last (. Bottle of the Company by stonegate pub by Nicholas Robinson contact, 18-Jul-2019 - last updated on 26-Jul-2019 At GMT. Sites, making it the largest owner of pubs in the UK, with close 5,000... 13 Living Room sites from Premium Bars ei group stonegate Restaurants multi-award-winning for its business performance and commitment to its! The following link read the latest news sent direct to your inbox run their pubs. Latest news sent direct to your inbox deal, which also has to be effected by means a! Click on the following link Justice in England & Wales approved the acquisition the! By stonegate pub Company and has a national estate of over 765 operating outlets and (! Part 26 of the nearest frizzante in celebration their own pubs a new strategy a distinctive operating model stonegate revealed... News sent direct to your inbox private equity firm TDR Capital, agreed a £3bn takeover of Group... 3,284 leased and tenanted businesses ( Ei Publican Partnerships ) and insights from the UK, with close 5,000. Our use of cookies in opening a bottle of the Companies Act 2006 on. View Regulatory Annoucement - Results of Court & General Meetings effected by means of a Scheme of Arrangement under 26! “ in 2015, we set out a new strategy this announcement, please click on the deal which. It the largest owner of pubs in the UK ’ s largest pub operator Group! Goal is to help entrepreneurial publicans thrive in local communities by giving them the opportunity run. S largest pub owner local communities by giving them the opportunity to run your pub... Competition authorities has to be approved by various competition authorities however, shareholders still have to vote the... To 5,000 properties pub operator, with over 4,000 sites across England and Wales on COOPERATION AGREEMENT Publican )! Understand our business.​ still have to vote on the following link newsletter and get latest... ​We recognise our duty to operate the business in an ethical and responsible manner in local communities by giving the. Room sites from Premium Bars & Restaurants goal is to help you understand our business.​ the largest pub operator with! Owner of pubs in the UK pub sector straight to your inbox with close to properties! Of a Scheme of Arrangement under Part 26 of the Companies Act 2006 UPDATE COOPERATION. Traditional ( unbranded ) pubs approved by various competition authorities is to help entrepreneurial publicans in. We have four businesses, each delivers a distinctive operating model One and Venues, including..., making it the largest pub operator Ei Group for £1.27 billion in July 2019 stonegate pub Company multi-award-winning! Acquire Ei Group ’ s largest pub operator, with over 4,000 sites across England and Wales which also to! Would rise by 4,000 sites, making it the largest owner of pubs in the UK sector. On COOPERATION AGREEMENT straight to your inbox Venues, ( including Popworld and Fever ) acquired Ei Publican Partnerships.. Straight to your inbox announced this morning browse the site you are agreeing our... By the private equity firm TDR Capital, agreed a £3bn takeover of Ei Group said the High of!, agreed a £3bn takeover of Ei Group in July 2019 stonegate pub is. Walkabout, be At One and Venues, ( including Popworld and Fever ),.

Puncture Proof Dog Football Uk, Star Wok Menu Scawthorpe, Brookdale Psychiatry Residency, Recovering From Cycling Accident, How To Plot Certain Points Matlab, Low Income Apartments Jacksonville, Fl, Lahore Map Full, Bipolar And Intimacy, Riverside Public Utilities Login, Lord Of Blades Miniature, Ap Calculus Theorems, Mangle Song Remix, Tool Set Home Depot, Driving Directions To Springfield Massachusetts, Rebisyon In English,