The Orchid Group has bought 43 former Premium Bars & Restaurants (PBR) sites taking its portfolio to 292 pubs, bars and restaurants across the UK and safeguarding more than 1,500 jobs.
PBR has been run by administrators BDO since August after a £52m buy-out deal with the Reuben Brothers fell through and failed to save it.
Orchid's acquisition includes the Living Room and Prohibition brands. It follows the group's purchase of 10 Bar Room Bar sites in June after that company also went into administration.
Rufus Hall, Orchid chief executive, said: "This purchase further cements Orchid’s commitment to growth, and we are delighted to have completed what is an important development for the business.
Over the next 12 months the group intends to roll out a £3m capital investment programme across the estate.
Hall told BigHospitality the priority for all the sites was to 'get them into a safe harbour'. "The business (PBR) has been up in the air for most of 2008 so we'll be getting our arms around the management and staff and giving them a bit of TLC before we do anything else," he said.
Hall said the deal had given Orchid the chance to return to the high street and confirmed that the Living Room and Bel & The Dragon brands would remain with all other sites to be looked at individually.
The move will also see Orchid re-open PBR's former Newcastle head office in Moseley Street, where eight full time members of staff will be based.
The Orchid Group itself went into administration in December 2008 but administrators PriceWaterhouseCoopers managed to secure an immediate sale of the business with the existing management team staying on to lead the group.
London: Prohibition, The Living Room
Edinburgh: The Living Room
Glasgow: The Living Room
Belfast: Bambu Beach Club, Irene & Nans, Barbacca
Newcastle: Jimmyz Bar, Waterside Hotel, Attic, City Vaults, Chase, The Lodge, Blu Bambu, The Living Room Sea
Sunderland: Chase, Blu Bambu
Durham: Klute, Chase
South Shields Chase
Whitley Bay Rex Hotel, Coast Bars
Leeds: Halo/Quilted Llama, The Living Room, Prohibition
York The Living Room
Huddersfield Cotton Factory
Manchester: The Living Room, Prohibition
Liverpool: The Living Room
Chester: The Living Room
Derby: Coyote Wild
NottinghamProhibition, The Living Room
Bristol The Living Room
Oxford The Living Room
Milton Keynes The Living Room
Berkshire: Bel & The Dragon (Cookham, Reading & Windsor)
Surrey Bel & The Dragon (Godalming)