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. The pub operator, which was formerly known as Enterprise Inns, said the money would reduce its debt pile and provide shareholder returns. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). Related tags: See Availability. 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. 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”). Reviews (310) 732-5875. Ei owns 4,000 pubs. 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 … } Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). 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 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. It was listed on the London Stock Exchange until it was acquired by Stonegate Pub Company in March 2020. BBB accredited since 10/9/2008. 448 Reviews. function sanitize_gpt_value2(gptValue) Shareholders in the company formerly known as Enterprise Inns have been offered 285p per share in cash Ei is lined up to be the next in a series of acquisitions for private-equity backed Stonegate The sale came ahead of an offer by Stonegate … { 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. 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. Ei Group. vOut += aTags[i].trim().replace(reg, '-').substring(0,40); Including debt, the deal is worth £3bn. 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. Ei directors recommended shareholders accept the offer. dataLayerNews = {}; Ei Group plc is headquartered in Solihull, West Midlands. We are the fixers and growers and are loving the new challenge. 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 Foods 1622 S Gaffey St San Pedro CA 90731. Rugby pub sold in £1.27 billion to re-open Shock and even despair greeted news the Kingsholm Inn opposite Gloucester Rugby’s stadium had closed after it was sold in a major real-estate deal. 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. Subscribe, By Emily Hawkins Join our community of smart investors Subscribe today and enjoy unlimited access: important disclaimer. 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. 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. 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". We pride ourselves in providing you with a consistent and dependable service that you can trust and value. dataLayerNews.related_tags = sanitize_gpt_value2("Ei Group, Stonegate"); From our friendly and knowledgeable crew, to our down-to-earth business approach, you will always feel comfortable and satisfied with Stonegate Enterprises. The watchdog said it had seen evidence that there are “several potential suitable purchasers who have expressed an interest” in acquiring the pubs. Ei Group plc, formerly known as Enterprise Inns plc, is the largest pub company in the UK, with around 5,000 properties, predominantly run as leased and tenanted pubs. Sign up to our free newsletter and get the latest news sent direct 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. 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. 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. Stonegate Pubs Our goal is to deliver fantastic customer experiences. Stonegate Pub Co owns 772 pubs, including the Slug & Lettuce, Walkabout and Yates brands. 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. 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. Free newsletter Crowne Plaza Hotel Los Angeles Harbor. 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.​. - Last updated on If you wish to join, just request it, and it shall be granted. If fact there are far too many to mention them all, but nevertheles a big … The shareholders of Ei, which was previously Enterprise Inns, accepted the offer by Stonegate in September 2019. See BBB rating, reviews, complaints, request a quote & more. During the 2020 coronavirus pandemic, Stonegate furloughed 16,500 workers under a UK job retention program. announced an investigation into Ei’s rival Star Pubs and Bars. 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. vOut = vOut.toLowerCase(); Menu & Reservations ... Enterprise Solutions Claim your Business Developer Resources ... All Star Inn Motel. 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. Guaranteed. We All Hate Enterprise Inns Tied With Stonegate has 1,751 members. 75 Reviews. ei publican partnerships are the leading leased and tenanted pub businesses in the UK with a portfolio of over 4,000 pubs. Ei Group, formerly known as Enterprise Inns, has agreed to be bought by Slug and Lettuce owner Stonegate for £1.28 billion. 09-Jan-2020 at 12:03 GMT. Stonegate Pub Company acquires EI Group Plc on 2019-07-18 for $3762953969 var reg = new RegExp('\\W+', "g"); It has become Britain’s largest pub owner through a string of acquisitions, including buying former Whitbread pubs. 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, the owner of bar chains Slug & Lettuce and Walkabout, will buy Ei, the 4000-strong pub group formerly known as Enterprise Inns, after a … 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. It directly employs more than 1,800 people. if(i!=(aTags.length-1)) 21 January 2020: We are consulting on proposed undertakings in lieu of a reference for the anticipated acquisition by Stonegate Pub Company of Ei Group plc. 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. var vOut=""; 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. 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. Property Maintenance in Nolensville, TN. the takeover did not raise national competition concerns. Get the latest news, analysis and insights from the uk pub sector straight to your inbox! 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. 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. Whether it is weed control, debris pick-ups, leaf removals, dead-growth pruning, etc., we have packages to suit everyone’s specific needs for the upkeep that their landscape demands. } Ei traces its roots back to 1991. 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. $(document).ready(function() { }); The watchdog made the recommendation after it previously identified “local concerns” about a monopoly, with fears that some areas could experience raised prices and lower quality products. Tied up: pub landlords battle law that was meant to help them, Sign up to the daily Business Today email. Every pub is a local favourite – for that relaxing drink after work, a family Sunday roast and celebrating those special occasions. Stonegate’s 772 pubs and bars are entirely managed. 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. Proper maintenance is paramount to insuring long-term sustainability for the investment made in your landscape. 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. Free newsletter contact, 09-Jan-2020 { Including debt, the deal is worth £3bn. Stonegate has plumped for a bid of 285p a share for Ei, previously known as Enterprise Inns, which is 38.5 per cent higher than the latter's closing price … EIG, formerly Enterprise Inns, owns over 4,000 pubs across England and Wales. 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. Subscribe 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. 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: It has 1270 sites within the managed division and 3457 leased and tenanted businesses. vOut +=', '; 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. 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. 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. var aTags = gptValue.split(','); 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. 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 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. dataLayer.push(dataLayerNews); for (var i=0; i < aTags.length; i++) The tenanted business model has come under increasing pressure recently amid anger at the difficulty some publicans have faced when they try to cut the “beer tie”, the centuries-old arrangement under which they buy beer from the pubco that owns their premises. However, both sides have agreed that terms may have to be altered if the Competition and Markets Authority (CMA) requires them to offload more than 100 pubs to allay concerns about the impact on choice for drinkers. Classic Inns are destination suburban pubs, combining a traditional pub environment with a premium food and drink experience. 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