Date
Vendor
Purchaser
Deal
January Enterprise Inns
Max Property
Group
A £42.6 million sale and leaseback transaction involving 29 pub properties.
Enterprise Inns leased back the properties under 35-year lease agreements.
January Cloverleaf Restaurants
Greene King
Acquisition of the entire share capital of Cloverleaf Restaurants and its
12
pub restaurants across the North of England for £55.8 million.
February Sharp’s Brewery
Molson Coors
Acquisition of the Cornish real ale brewer Sharp’s.
February Enterprise Inns
Various
Sale of seven pubs at auction, raising £7.3 million.
February
Moorfields Corporate Recovery LLP,
administrators of Moorgate Taverns
Various
Sale of nine former Moorgate Taverns pubs.
February Enterprise Inns
Shaftesbury plc
A £10.25m sale and leaseback deal with Enterprise Inns for five of the pub
company’s sites in Covent Garden and China Town.
February Enterprise Inns
Various
Sale and leaseback of three London pubs at auction to raise £2.65 million.
March
Enterprise Inns
Various
Sale and leaseback of three London pubs at auction, raising £3.3 million.
March
Zolfo Cooper, administrators of
Balls Brothers/Lewis & Clarke
Novus Leisure
Acquisition, out of administration, of the Balls Brothers and Lewis & Clarke
businesses in a deal worth up to £7.8 million.
March
Enterprise Inns
Hermes Property Unit
Trust (HPUT)
The £32.46 million sale and leaseback of a portfolio of 26 freehold pubs.
Enterprise Inns took new 35-year leases on the pubs.
March
Baker Tilly Restructuring and Recovery
LLP, administrators of the Maypole Group
Marco Pierre White
Acquisition, out of administration of the six-strong Maypole Group for
an undisclosed sum.
March
Enterprise Inns
Various
Sale and leaseback of three London pubs at auction raising £3.4 million.
April
Triple Rock
Butcombe Brewery
Acquisition of local operator Triple Rock and its three pubs for an undisclosed sum.
April
Realpubs
Greene King
Acquisition of Realpubs – the operator of 14 premium London pubs –
for a total consideration of £53.1 million.
June
Town & City
Pub Company
Stonegate
Pub Company, backed
by TDR Capital
Merger between Stonegate Pub Company and Town & City Pub Company
creating the largest privately held managed pub operator in the UK with an
estate of 560 pubs.
July
Capital Pub Company
Greene King
Acquisition of the Capital Pub Company and its 34 London sites for £70 million.
August
Ernst & Young, administrators
of Pumpster Property Limited
Shaftesbury
Sale of a flagship Slug and Lettuce site near Leicester Square in London
for a reported £4.5 million.
August
Gordon Ramsay Holdings
Faucet Inns
Acquisition of the Warrington in Maida Vale, London off a reported asking
price of £5.5 million.
August
Milner Boardman & Partners,
administrators of Liver Leisure,
Liver Café and Liver Café Ltd
Peacock (NW) Ltd
Acquisition of a group of Liverpool bars through a pre-pack administration.
September Intertain
Mitchells & Butlers
The acquisition of eight Old Orleans sites in Birmingham, Cardiff, Coventry,
Enfield, Epping, Manchester, Reading and Thurrock for an undisclosed sum.
October
Market Town Taverns
Heron & Brearley
Acquisition of Market Town Taverns, operator of 15 pubs across North and
West Yorkshire for an undisclosed sum.
November Fuller’s
Marston’s
Acquisition of three leasehold and two freehold pubs in a deal reportedly
worth £16 million.
December Royal Bank of Scotland
Scottish & Newcastle
Pub Company (S&NPC)
Acquisition of the Galaxy pub estate of 918 freehold assets for £412 million.
December
Ernst & Young, administrators
of Luminar Leisure
Peter Marks, Alex
Geffert and Joe Heanen
Acquisition of Luminar Leisure and its 66 operating nightclubs for £45 million.
December Baker Tilly
Marco Pierre White
Acquisition of two sites in Berkshire and Oxfordshire formerly owned by
Merchant Inns.
December Enterprise Inns
Hermes Property Unit
Trust (HPUT)
The £23.85 million sale and leaseback of a portfolio of 17 freehold pubs. Enterprise
Inns took new 35-year leases on the pubs.
Public House Transactions 2011
Note: Details of the transactions listed in the table above are taken from information in the public domain
and Christie + Co cannot warrant their accuracy.
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