Menu & Reservations ... Enterprise Solutions Claim your Business Developer Resources ... All Star Inn Motel. 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 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. The sale came ahead of an offer by Stonegate … 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. 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. 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. $(document).ready(function() { { 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. 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 … 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. 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. Classic Inns are destination suburban pubs, combining a traditional pub environment with a premium food and drink experience. Ei Group. for (var i=0; i < aTags.length; i++) 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”). 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. Subscribe, By Emily Hawkins 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 … 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 … 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. Proper maintenance is paramount to insuring long-term sustainability for the investment made in your landscape. var aTags = gptValue.split(','); { 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. the takeover did not raise national competition concerns. Crowne Plaza Hotel Los Angeles Harbor. Free newsletter 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. 448 Reviews. Every pub is a local favourite – for that relaxing drink after work, a family Sunday roast and celebrating those special occasions. 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. 75 Reviews. function sanitize_gpt_value2(gptValue) 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 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. Stonegate’s 772 pubs and bars are entirely managed. EIG, formerly Enterprise Inns, owns over 4,000 pubs across England and Wales. 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.​. 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. 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. If fact there are far too many to mention them all, but nevertheles a big … We are the fixers and growers and are loving the new challenge. It was listed on the London Stock Exchange until it was acquired by Stonegate Pub Company in March 2020. Ei Group, formerly known as Enterprise Inns, has agreed to be bought by Slug and Lettuce owner Stonegate for £1.28 billion. We All Hate Enterprise Inns Tied With Stonegate has 1,751 members. Including debt, the deal is worth £3bn. 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. It has become Britain’s largest pub owner through a string of acquisitions, including buying former Whitbread pubs. 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. Reviews (310) 732-5875. announced an investigation into Ei’s rival Star Pubs and Bars. dataLayerNews = {}; See BBB rating, reviews, complaints, request a quote & more. return vOut; Stonegate Pubs Our goal is to deliver fantastic customer experiences. dataLayerNews.related_tags = sanitize_gpt_value2("Ei Group, Stonegate"); } Stonegate Pub Company acquires EI Group Plc on 2019-07-18 for $3762953969 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. The pub operator, which was formerly known as Enterprise Inns, said the money would reduce its debt pile and provide shareholder returns. If you wish to join, just request it, and it shall be granted. vOut += aTags[i].trim().replace(reg, '-').substring(0,40); 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. - Last updated on It assessed whether each of the pubs proposed by the companies were “saleable” and “likely to continue in operation after the divestment” and concluded they were. 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 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. 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. 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. Join our community of smart investors Subscribe today and enjoy unlimited access: We pride ourselves in providing you with a consistent and dependable service that you can trust and value. if(i!=(aTags.length-1)) vOut +=', '; From our friendly and knowledgeable crew, to our down-to-earth business approach, you will always feel comfortable and satisfied with Stonegate Enterprises. contact, 09-Jan-2020 dataLayer.push(dataLayerNews); Ei traces its roots back to 1991. Ei owns 4,000 pubs. Property Maintenance in Nolensville, TN. Get the latest news, analysis and insights from the uk pub sector straight to your inbox! It has 1270 sites within the managed division and 3457 leased and tenanted businesses. } ei publican partnerships are the leading leased and tenanted pub businesses in the UK with a portfolio of over 4,000 pubs. 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. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). See Availability. 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. 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. Ei Group, 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. 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. 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. Stonegate Pub Co owns 772 pubs, including the Slug & Lettuce, Walkabout and Yates brands. }); 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. 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. 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 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. Sign up to our free newsletter and get the latest news sent direct to your inbox. During the 2020 coronavirus pandemic, Stonegate furloughed 16,500 workers under a UK job retention program. Subscribe 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. Tied up: pub landlords battle law that was meant to help them, Sign up to the daily Business Today email. 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. 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. 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. important disclaimer. 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: 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. 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. Free newsletter 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". Stonegate Foods 1622 S Gaffey St San Pedro CA 90731. 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 shareholders of Ei, which was previously Enterprise Inns, accepted the offer by Stonegate in September 2019. Including debt, the deal is worth £3bn. var vOut=""; It directly employs more than 1,800 people. 09-Jan-2020 at 12:03 GMT. Related tags: Ei Group plc is headquartered in Solihull, West Midlands. var reg = new RegExp('\\W+', "g"); 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. vOut = vOut.toLowerCase(); BBB accredited since 10/9/2008. The watchdog said it had seen evidence that there are “several potential suitable purchasers who have expressed an interest” in acquiring the pubs. 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