Wed, 19 Jan 2022 | BUSINESS SALE
Welsh brewer SA Brain is reportedly close to selling a portfolio of approximately 100 pubs to a consortium of private equity firms in a deal worth around £100 million. If completed, the sale would represent another significant transaction in the ongoing boom of pub sector M&A.
According to reports, SA Brain is said to be close to agreeing a deal to sell the portfolio of Welsh pubs to a consortium comprised of Song Capital and former Admiral Taverns owner Cerberus Capital. It is thought that a transaction could be completed in the coming days.
The sale comes after a turbulent period for SA Brain and the wider pub sector. In March 2020, the firm announced plans to sell 40 non-core pubs as part of a three-year strategy to futureproof the business and navigate an uncertain climate amid the then-ongoing Brexit process and rising costs.
In December 2020, after the hospitality sector had been devastated by the impact of the COVID-19 pandemic, SA Brain struck a deal for pub company Marston’s to operate 141 of its pubs in a mix of both leased and management contracts.
Finally, in October 2021, SA Brain announced that it was looking to sell a portfolio of 99 pubs in Wales, with offers of over £87.3 million being sought. Property advisor Avison Young was engaged to sell the portfolio of pubs, largely based in South and West Wales, to a single buyer.
That deal now appears set to complete, with initial reports indicating that Avison Young has struck a deal with the consortium of Song Capital and Cerberus Capital. The portfolio is said to represent “the core” of SA Brain’s pub estate and the potential sale would leave the company as a family-owned brewery operating a small portfolio of pubs.
Should the deal go through, the sale would generate substantial funds for Brain's shareholders, with proceeds reportedly expected to be used to pay company debts.
Find businesses for sale here.
If you are looking for an exit, we can help!
Fantastic opportunity to acquire long established and TripAdvisor highly rated discerning food lover’s paradise offering fresh and varied authentic fine dining menu.
LEASEHOLD
Viewing is highly-recommended to appreciate this long-established Italian restaurant Pizzeria, owned for 23 years by one owner. Famous for its wide range of authentic, freshly prepared Italian meals. Excellent reputation both near and far with high n...
LEASEHOLD
This Halal butcher and grocery shop is located on the busy high street in London. The business is well-established and reputed for the excellent quality products and service.
LEASEHOLD
02
|
Oct
|
Bathroom retailer acquired in pre-pack deal | BUSINESS SALE
Bathroom retailer Victoria Plum has been acquired by e-comme...
02
|
Oct
|
East Midlands law companies merge to create 200-strong firm | MERGER
Two long-standing law firms in the East Midlands have merged...
29
|
Sep
|
Bristol law firm acquired out of administration | BUSINESS SALE
A law firm based in Bristol has been sold out of administrat...
11
|
Oct
|
Brains puts 99 Wales pubs up for sale for £87.3m | COMMERCIAL PROPERTY
Cardiff-based brewery and hospitality operator Brains (the b...
03
|
Mar
|
SA Brain to sell 40 pubs | COMMERCIAL PROPERTY
Welsh brewer and pub operator SA Brain & Co has announced th...
13
|
Oct
|
Cardiff pubs put up for sale | BUSINESS SALE
Two well-known pubs in Cardiff have been put up for sale due...
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
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.