Mon, 05 Mar 2018 | BUSINESS SALE
Hawthorn Leisure, a firm led by co-founder CEO Gerry Carroll, is being put up for sale by majority owners Avenue Capital.
Noah Bulkin launched the pub group in 2014 with the help of funding from private equity backer Avenue Capital. The investor now wants to sell the chain for between GBP115m and GBP130m, according to reports.
There is already news that rivals in the pub business, including Admiral Taverns and Heineken's pub arm, are thought to be interested in the chain.
Hawthorn Leisure's model is to use data to help get the pricing and drinks offering just right in order to stave off competition from market challenges such as cheaper supermarket alcohol and the smoking ban. The model has proved successful so far and the chain reported revenue of GBP41.5m in 2016, with operating profit increasing to GBP529,000, up from a loss of £677,000 in 2015.
The tenanted pub group started out with a GBP75.7m investment from New York private equity investors Avenue Capital, which funded the purchase of 275 pubs from Greene King. It has since purchased a further 11 pubs from Wetherspoons and 88 pubs from R&L, while selling off several sites it referred to as "non-core."
The company provides high-quality residential and nursing care for the elderly, combining best-practice healthcare procedures with tailored care plans. Throughout its time in operation, the company has developed an excellent reputation for providing...
FREEHOLD
The company has created an innovative and intuitive online learning platform, featuring a diverse range of subjects, such as academic physical education, which is mainly purchased by UK-based secondary schools and overseas British-curriculum schools....
The company provides specialist removal and disposal services of asbestos from a diverse range of buildings across North East England and the Scottish Borders. The business has worked closely with local authorities, NHS trusts, and clients across num...
11
|
Feb
|
UK administrations update: February 4 – 11 | ADMINISTRATION
Since our last update, the following businesses have been co...
10
|
Feb
|
WBR Actuarial formed out of WBR and Censeo acquisition | BUSINESS SALE
WBR Group, the UK's largest independent provider of SSA...
10
|
Feb
|
US group Litera seals Peppermint Technology deal | BUSINESS SALE
Cloud software provider Peppermint Technology has been bough...
30
|
May
|
Community pub group acquires portfolio of 37 sites | COMMERCIAL PROPERTY
Private equity-owned community pub group Admiral Taverns has...
26
|
Jul
|
NewRiver REIT completes £222.3m sale of community pubs business | BUSINESS SALE
NewRiver REIT has agreed to sell its community pub business ...
08
|
Oct
|
Housebuilder turnaround may net owners a fortune | BUSINESS SALE
Derbyshire-based Avant Homes is reportedly being groomed for...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.