Stonegate ei group press release It became Ei Group is the largest owner of pubs in the UK with over 4,000 properties across England and Wales, while managed pub company Stonegate has more than 765 operating outlets. News/Features . for the Stonegate group of companies at year end which the Board examines on a monthly basis. Longbottom said Stonegate, once the deal has gone through, would look to release funds to invest in parts of the business. _4CY3hCP4PSixe6xBuOdvByQnqnJO4DGA0u2oD73nurgmZ7kJ9rYto_e5w Britain's competition watchdog has flagged concerns about potential price increases at some pubs from a merger of Slug and Lettuce pub owner Stonegate and rival Ei Group, which would create the Ei Group plc (EIG. Find Stonegate Pub Company Financing plc Update on financing structure in relation to outstanding existing CDS February 12, 2020: Stonegate Pub Company Financing plc today announcedconfirmation that as part of its proposed upcoming financing to support the transactionof Ei Group plc that the new funding structure, which will consist of an issuance For more information, please contact press@camra. The competition regulator has warned that the £3 billion takeover of Ei Group, the pubs company, by the owner of the Slug and Lettuce and Yates chains could push up prices for drinkers in 51 areas. default-output-block. 6 and 9. ltPop3_iq4Doi7aHR7vk-XKg5MefXOOSSgzu1lXAroA. A number of interested parties have submitted bids for a 42-strong pub package placed on the market to address concerns raised by the Competition and Markets Authority (CMA) over Stonegate Pub Company’s £3bn acquisition of Ei Group. As 2022 came to a close, Stonegate concluded the purchase of 278-284 Grove Street in Latest News. Parties. 3 billion offer from Slug & Lettuce owner Stonegate in July. Regulatory Story Go to market news section 3393ed7178d6a6. Stonegate is the largest pub owning company in the United Kingdom, with 4,516 operating sites at the period-end (2021: 4,580). 9 respectively, and just shy of Fuller, Smith & Turner (FSTA), which The UK competition watchdog has launched an inquiry into the . Back Central and East Ireland Midlands North East North West South East South West Wales Yorkshire National Subscribe to Newsletters Advice Blogs Ask the Experts Roundtable Coverage The acquisition of pub chain EI Group PLC by Slug and Lettuce owner Stonegate looks set to be approved after the Competition and Markets Authority (CMA) accepted a proposed sale of several EI GROUP, the pub operator being bought by Slug and Lettuce owner Stonegate, yesterday reported that earnings dropped this year after the disposal of 354 venues. Stonegate, which has been backed by TDR Capital since 2010, is known for its Walkabout, Yates, and Slug & Lettuce chains. But since the first MRO agreements were completed in 2017, a number of them across their acquisition of a majority stake in Applus Services; TDR Capital and Stonegate Pub Company on multiple financing transactions, including their acquisition of Ei Group; and funds advised by Apax and Takko Fashion Group on Takko’s cross-border restructuring. Stonegate’s intention to buy Ei Group for £1. The latest provision, in light of new Government secure guidance and confirmation that all pubs in England will be Following pressure from the grassroots tenants #NoPubNoRent campaign and a letter from 60 cross-party MPs, led by pro-pub MP for South Cambridgeshire, Anthony Browne, Stonegate Pubs, who bought the indebted Enterprise Inns (now rebranded as EI Group PLC) rushed out a press release giving the impression of support for tied tenants. Stonegate to buy Ei Group for £1. 3 billion ($1. 27bn purchase of Ei Group does not raise UK-wide competition concerns but could damage competition in 51 local areas, th Press Release Archive. The main tranche of debt, a £950m sterling bond which Pub managers for operator Stonegate, owned by the Ei Group, are celebrating a combined 60 years of service in hospitality. Stonegate’s offer As reported by The Morning Advertiser on 18 July, Stonegate Pub Company agreed to buy Ei Group in a deal that will see the operator’s estate rise by 4,000 sites, making Stonegate Group, advised by global real estate services and investment firm CBRE, has agreed to sell 42 pubs in order to satisfy Competition and Markets Authority requirements as part of its China's CATL to deepen battery R&D cooperation with Volkswagen Autos & Transportation · February 20, 2025 CATL has signed a strategic cooperation MOU with Volkswagen to deepen (Reuters) - Slug and Lettuce pub owner Stonegate sold 1. 3bn acquisition of a listed pub group by the company behind Yates's, Slug and Lettuce and Walkabout has completed. /LL. What industry is Ei Group in? Ei Group’s primary industry is Restaurants and Bars. Back Central and East Ireland Midlands North East North West South East South West Wales Yorkshire National Subscribe to Newsletters Advice Blogs Ask the Experts Roundtable Coverage. Acquired Organization: EI Group Plc EI Group Plc is the largest pub company in the UK, with around 5,000 properties, predominantly run as leased and tenanted pubs. Stonegate began trading in November 2010 following its acquisition of 333 pubs from Mitchells & Butlers and has since grown through a series of strategic acquisitions Latest News. 27 billion recommended cash offer for Ei Group. 8p per share the day before the deal was announced in July. The UK Competition and Markets Authority has begun an investigation into the potential merger of TDR-backed pub group Stonegate and rival Ei Group. Stonegate agreed to buy Ei, the UK's largest pub operator, for just under £1. Earnings before interest, tax, EI Group News Headlines. org. Including debt, the deal values Ei at GBP2. . 27b acquisition of Ei Group. House broker Peel Hunt sets Ei's EV to cash profits multiple slightly lower at 10. The acquisition values Ei Group’s entire issued and to be issued ordinary share capital at about £1. Ei Group Org Chart. The Competition and Markets Authority (CMA) says it will make a ruling on the acquisition of pub chain EI Group PLC by Slug & Lettuce owner Stonegate by 19 February. Stonegate Group, advised by global real estate services and investment firm CBRE, has agreed to sell 42 pubs in order to satisfy Competition and Markets Authority requirements as part of its Private equity-backed Slug and Lettuce firm to become Britain's biggest pub operator with £1. Originally formed in 2010 with 333 pubs, Stonegate Group is now the largest pub company in the UK following 12 major acquisitions. Stonegate Pub Company has announced further business support within its leased and tenanted business, Ei Publican Partnerships, in response to the Prime Minister’s announcement on Saturday that hospitality venues in England must close from Thursday 5 November until Wednesday 2 December 2020. Community The £1. Stonegate Group is the largest pub company in the UK. UIL acceptance decision (21. Stonegate will vacate its EI Group News Headlines. Read more 19 Acquisitive pub group Stonegate this morning busted its most dramatic move yet after agreeing to buy Ei Group in a £1. EI Group News Headlines. uk or call 01727 337863 Following the news that Stonegate has bought out the Ei Group, please find below a comment from the Campaign for Real Ale. The CMA is considering whether the acquisition would result in a substantial lessening of competition within the UK and is inviting comments from interested parties before 25 October, with a 16 December deadline for a phase Regulatory Story Go to market news section ac98ab2. EI Group, formerly known as Enterprise Inns, plans to turn Stonegate, based in the Cayman Islands and owned by private equity firm TDR Capital, expanded significantly in 2019 with the acquisition of Ei Group for £1. Ei Group Shares To Delist Following Stonegate Merger Approval. 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 About Stonegate Group. L>, the company said on Friday. The acquisition values Ei Group’s entire business at £2. London Stock Exchange : Update on Debt Financing Arrangements Regulatory Story Go to market news section . 97bn, in an agreement that has pleased some shareholders. Showing 1-10 of 1910 results. The group will retain a presence in Luton, although the move is In July last year, Stonegate’s backers the private equity group TDR Capital sold £1. Ei Group chief executive Simon Townsend described the acquisition as a recognition of the quality of the group’s portfolio. 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. Ei accepted a GBP1. Associate, Milbank LLP, London, 2020–2022. Stonegate yesterday revealed it will pay £1. Surrey favourite, The Spotted Dog, reopens with huge six-figure investment Wednesday 08th January 2025; Stonegate Group invests £100 Million in 2024 to elevate its estate Wednesday 18th December 2024; Popular Sheffield pub, the Fox & Duck, collaborates with University rugby team to raise more than £6,500 for charity Tuesday 17th Group”) for the 52 weeks ended 25 September 2022 (2021: 52 weeks ended 26 September 2021). , with honors, from The W. Pub merger to be cleared if local concerns About Stonegate Pub Company. Britain's competition watchdog has flagged concerns about potential price increases at some pubs from a merger of Slug and Lettuce pub owner Stonegate and rival Ei Group <EIGE. All Enterprise Inns articles in MCA Insight. Luton-based Stonegate, which also owns Yates and Common Rooms among other brands, was set up by private equity firm TDR Capital in 2010 as a vehicle to buy 333 AlbaCore was the sole underwriter for subordinated debt related to two UK public-to-private transactions: BCA Marketplace (LSE: BCA - delisted) and Ei Group (LSE: EIG). Jonathan Poole. On 3 March 2020 the Group completed the acquisition of the entire share capital of Ei Group Limited. Read more 19 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. Our philosophy is to put brilliant pubs back at the heart of local communities. However, this expansion came with a hefty debt burden of £1. com. Phone Email. Kirkland & Ellis advised TDR Capital and its portfolio company, Stonegate Pub Company, on the £1. 3bn As reported on 18 July 2019, Stonegate Pub Company agreed to buy pubco Ei Group for £1. 27 billion recommended cash offer for Ei Group plc. Ei Group is the largest owner of pubs in the UK with over 4,000 properties across England and Wales. In 2019, the company acquired the Ei Group, the largest pub company in the UK, expanding its reach and solidifying its position as a key player in the industry. These have been significantly impacted by the Covid Stonegate Pub Company Limited will acquire 437. 27bn. 27 billion, Stonegate Pub Company became the largest pub company in the UK, with around 5,000 sites. Stonegate Pub Co. 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 285p a share offer was recommended by the Ei board. Ben Wilkinson, CAMRA's National Director said: "For many EIG has become a byword for unfair business practices and Stonegate Pub Company has today (18 July) agreed to buy pubco Ei Group for £1. About Stonegate Group. 27bn, Stonegate Pub Company is the largest pub company in the UK. Stonegate Pub Company acquires EI Group Plc on 2019-07-18 for $3762953969. Use the CB Insights Platform to explore Ei Group's full profile. 3 billion. What is the size of Ei Group? Ei Group has 1,676 total employees. jcdh aiadb fzlpt rapm vwbzp jns jhpm kyfvo lvwoq tzaks kjgq fufv yirtfz fgszp aap