var reg = new RegExp('\\W+', "g"); I have a small region of pubs along the M1 and 4 Regional Managers reporting to me primarily in the south of England and midlands. dataLayerNews = {}; contact, 09-Jan-2020 var vOut=""; 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. return vOut; In a notice issued today (9 January), it said the sale of 42 pubs “might be acceptable as a suitable remedy” to local competition concerns. Ei Group plc is headquartered in Solihull, West Midlands. See Availability. 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. We pride ourselves in providing you with a consistent and dependable service that you can trust and value. { 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: Including debt, the deal is worth £3bn. Every pub is a local favourite – for that relaxing drink after work, a family Sunday roast and celebrating those special occasions. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). Slug & Lettuce owner to buy Enterprise Inns for £3bn 18th July, 2019 by Edith Hancock Pub group Stonegate, which owns Be At One and Slug & Lettuce, has bought out the … Oakman Inns and Stonegate launch their own ‘Eat Out to Help Out' schemes two weeks early 21 July 2020 by Emma Lake Oakman Inns and Stonegate pubs have launched their own versions of the chancellor's ‘Eat Out to Help Out' discount scheme two weeks ahead of its release, with the former saying, "we all need a bit of cheering up ahead of August". Property Maintenance in Nolensville, TN. In a notice issued today (9 January), it said the sale of 42 pubs “might be acceptable as a suitable remedy” to local competition concerns. Stonegate's move for Solihull-headquartered Ei Group was backed by the Competition and Markets Authority on Friday 14 February and will completed on Tuesday 3 March after being sanctioned by the High Court last week. Reviews (310) 732-5875. Stonegate Pub Company acquires EI Group Plc on 2019-07-18 for $3762953969 The chain has recently been shifting strategy away from tenanted pubs, where it owns the premises and rents to an independent publican, towards a managed model, where its own employees take charge. Stonegate Pub Company has offered all-cash terms that value shares in Ei at £1.3bn, a 38% premium over the target’s pre-bid share price. The pub operator, which was formerly known as Enterprise Inns, said the money would reduce its debt pile and provide shareholder returns. var aTags = gptValue.split(','); Ei traces its roots back to 1991. Free newsletter Ei Group, Stonegate Stonegate’s 772 pubs and bars are entirely managed. Free newsletter It was listed on the London Stock Exchange until it was acquired by Stonegate Pub Company in March 2020. The shareholders of Ei, which was previously Enterprise Inns, accepted the offer by Stonegate in September 2019. Stonegate Pubs Our goal is to deliver fantastic customer experiences. The proposed buyout comes as the hospitality industry battles increased costs because of the minimum wage increase, higher property prices and electricity bills as well as a diminishing appetite among younger customers for pub drinking. the takeover did not raise national competition concerns. for (var i=0; i < aTags.length; i++) Stonegate Pub Co owns 772 pubs, including the Slug & Lettuce, Walkabout and Yates brands. Ei, formerly called Enterprise Inns and boasting 4,000 pubs, struck a deal with Slug and Lettuce owner Stonegate - the branded bar chain group that TDR launched in 2010. Crowne Plaza Hotel Los Angeles Harbor. Following the acquisition of Ei Group on 3rd March 2020 for £1.27bn, Stonegate Pub Company became the largest [vague] pub company in the UK. 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. Menu & Reservations ... Enterprise Solutions Claim your Business Developer Resources ... All Star Inn Motel. Our clients range from the top tenanted and managed pub companies in the UK, including; Greene King, Mitchells & Butlers, Stonegate, JD Wetherspoon, Enterprise Inn, Punch Taverns and many many more. The largest pub company in the UK, Ei Group (formerly Enterprise Inns) boasts about 3,425 leased and tenanted drinking establishments under individual names. 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 Pubs Code Adjudicator announced an investigation into Ei’s rival Star Pubs and Bars, owned by Heineken, over its behaviour towards tenants, warning that other pub companies could also face inquiries in the near future. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). The Competition and Markets Authority said it will not deepen its probe into the tie-up of Stonegate, behind the Slug & Lettuce and Walkabout chains, with Ei Group, formerly known as Enterprise Inns. Including debt, the deal is worth £3bn. It said it had found “a limited number of local areas where significant concentration gives rise to significant competition concerns”, ranging from High Wycombe to Caerphilly. announced an investigation into Ei’s rival Star Pubs and Bars. The private equity-owned company behind the Slug & Lettuce chain of bars has agreed a £3bn deal to buy Britain’s largest pub owner, Ei. important disclaimer. Stonegate acquired EiGroup plc in March 2020 and I was privileged enough to be a part of the company post joining forces I n more senior role. We are the fixers and growers and are loving the new challenge. $(document).ready(function() { EIG, formerly Enterprise Inns, owns over 4,000 pubs across England and Wales. Ei owns 4,000 pubs. Get the latest news, analysis and insights from the uk pub sector straight to your inbox! Stonegate Pub Company has offered all-cash terms that value shares in Ei at £1.3bn, a 38% premium over the target’s pre-bid share price. During the 2020 coronavirus pandemic, Stonegate furloughed 16,500 workers under a UK job retention program. The watchdog said it had seen evidence that there are “several potential suitable purchasers who have expressed an interest” in acquiring the pubs. See BBB rating, reviews, complaints, request a quote & more. { Stonegate began trading in 2010 after acquiring 333 pubs from Mitchells & Butlers, and now manages an estate of more than 765 sites after a series of acquisitions including the Walkabout brand. Stonegate is backed by the private equity group TDR Capital, which agreed last month to buy the Webuyanycar.com owner, BCA, in a deal worth £1.9bn. 09-Jan-2020 at 12:03 GMT. In all 10 Gloucestershire hostelries changed hands in what was a £1.27 billion deal which saw the properties previously owned by Stonegate Pub Company become part of the Enterprise Inns stable. Stonegate, the owner of bar chains Slug & Lettuce and Walkabout, will buy Ei, the 4000-strong pub group formerly known as Enterprise Inns, after a … Stonegate Foods 1622 S Gaffey St San Pedro CA 90731. Ei directors recommended shareholders accept the offer. The takeover would add Ei’s nationwide stable of more than 4,000 pubs to Stonegate’s existing 772 sites, which also include Yates and Walkabout, making the combined group Britain’s largest pub company by far. Shares in Ei, formerly known as Enterprise Inns, rose almost 40% to their highest level in more than a decade after the bid, matching Stonegate’s 285p terms. } Stonegate intends to acquire Ei Group for £1.27bn, a move that would make the former the largest pub company in the country with around 5,000 sites. If fact there are far too many to mention them all, but nevertheles a big … Anybody who has had dealings with Enterprise Inns are welcome to post their experiences, grievances or anything else (within the laws of FB) on this site. if(i!=(aTags.length-1)) Takeover likely to interest competition watchdog with creation of company owning nearly 5,000 pubs, Last modified on Fri 19 Jul 2019 15.16 BST. 75 Reviews. ei publican partnerships are the leading leased and tenanted pub businesses in the UK with a portfolio of over 4,000 pubs. If you wish to join, just request it, and it shall be granted. Guaranteed. The Competition and Markets Authority’s (CMA) has suggested Ei Group and Stonegate should put 42 pubs on the market ahead of their proposed merger. vOut = vOut.toLowerCase(); Subscribe, By Emily Hawkins It has 1270 sites within the managed division and 3457 leased and tenanted businesses. vOut +=', '; Proper maintenance is paramount to insuring long-term sustainability for the investment made in your landscape. Classic Inns are destination suburban pubs, combining a traditional pub environment with a premium food and drink experience. The sale came ahead of an offer by Stonegate … 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. Stonegate intends to acquire Ei Group for £1.27bn, a move that would make the former the largest pub company in the country with around 5,000 sites. We operate over 700 pubs and bars across the UK, within a wide variety of formats: from community and high-street pubs, through branded bars, to country inns and late-night venues. From our friendly and knowledgeable crew, to our down-to-earth business approach, you will always feel comfortable and satisfied with Stonegate Enterprises. The CMA said previously it would clear the acquisition if local concerns in 51 areas were overcome as the takeover did not raise national competition concerns.​. EI Group, formerly known as Enterprise Inns, plans to turn over its 4,000 pubs and properties across the country to Stonegate, whose private equity backers TDR Capital are looking to expand, despite current challenges facing the pubs sector and high street retail in general. It directly employs more than 1,800 people. dataLayer.push(dataLayerNews); BBB accredited since 10/9/2008. 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