Fri, 10 Nov 2017 | BUSINESS SALE
The owners of Brighton Palace Pier are considering a sale of the pub and bar arm of its business empire.
Risk Capital Partners, the group behind the Laine Pub Company which has nearly 50 pubs across London and Brighton, has reportedly appointed advisors to assess their future funding options.
Risk Capital Partners is an investment company which pumps money into businesses with the intention of making a return.
Gavin George, chief executive of Laine Pub Company, said: “We have appointed BDO and they are working with us and our current investors to look at our strategic objectives.
“We have been encouraged by the approaches we have had in recent times, which give a good indication of the strength of the business and its potential to grow further.”
The Laine Pub Company currently has nearly 50 pubs in London and Brighton including the North Laine Pub in Gloucester Place, Brighton. In April the company it announced it was buying six more London pubs for an estimated £4 million.
Selling this arm of the company would mark a shift away from the pub and bar sector which is notorious for being increasingly difficult to make money from.
Find a business for sale
Subscribe to Business Sale Report
Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.
LEASEHOLD
Utilises a reliable network of UK and European hauliers to provide tailored logistics solutions, operating 24/7. Offers invited.
LEASEHOLD
Services the company provides includes complex and continuing care, palliative care, live in care, domiciliary care and learning disabilities and mental health services. Offers invited.
FREEHOLD
|
23
|
|
May
|
Fintech company Loot collapses into administration | ADMINISTRATION
After failing to secure further backing from the Royal Bank ...
|
22
|
|
May
|
Spike in M&A activity in the education sector | BUSINESS SALE
In recent months, the education sector in the UK has witness...
|
22
|
|
May
|
Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION
Celebrity chef Jamie Oliver, who shot to fame after campaign...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources