Hawthorn acquires 14-strong pub package

pub & bar

By Stefan Chomka

- Last updated on GMT

multHawthorn acquires 14-strong pub package

Related tags: Pub & bar, Pub group, Stock market, Initial public offering, Multi-site

Community pub group Hawthorn has bought 14 pubs from Everards of Leicestershire as part of its plans to expand its nationwide pub portfolio.

The pubs are predominately located in suburban and neighbourhood locations in the East Midlands.

The purchase follows the announcement by Hawthorn earlier this month​ to list on the stock market and will explore the potential for an IPO following a strategic review.

The move would see the pub group break out as standalone quoted business from its parent company NewRiver REIT.

“All of the pubs which are fully let have been well operated by Everards and its business owners and we share we share a strong community ethos with Everards that makes this a seamless transaction for both parties,” says Mark Davies, chief executive of Hawthorn,

 “The relationship we have built and partnership formed is something that will benefit both companies in the future.”

Hawthorn operates around 700 leased and tenanted, and operator managed community pubs across England, Scotland and Wales. It was created in 2013 through the acquisition of 202 pubs from Marston’s in December 2013.

“Following a review of our pub estate, we presented 14 pubs as an acquisition opportunity to Mark and his team and are pleased to get a deal done during lockdown,” says Mark Gould, managing director at Everards.

“The deal positions Everards well for continued investment into our pub estate, acquisitions and Everards Meadows, our 90-acre Leisure and Tourism development in Leicestershire.”

Related topics: Business & Legislation, Pub & Bar

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