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. It was listed on the London Stock Exchange until it was acquired by Stonegate Pub Company in March 2020. var vOut=""; We are the fixers and growers and are loving the new challenge. 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. 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. 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. See Availability. During the 2020 coronavirus pandemic, Stonegate furloughed 16,500 workers under a UK job retention program. Reviews (310) 732-5875. 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. 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. dataLayer.push(dataLayerNews); Free newsletter 75 Reviews. EIG, formerly Enterprise Inns, owns over 4,000 pubs across England and Wales. It directly employs more than 1,800 people. The watchdog said it had seen evidence that there are “several potential suitable purchasers who have expressed an interest” in acquiring the pubs. contact, 09-Jan-2020 Stonegate Pub Company acquires EI Group Plc on 2019-07-18 for $3762953969 Get the latest news, analysis and insights from the uk pub sector straight to your inbox! Ei directors recommended shareholders accept the offer. 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. return vOut; 448 Reviews. If you wish to join, just request it, and it shall be granted. vOut +=', '; Ei Group plc is headquartered in Solihull, West Midlands. 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. function sanitize_gpt_value2(gptValue) 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 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 … important disclaimer. It has 1270 sites within the managed division and 3457 leased and tenanted businesses. Crowne Plaza Hotel Los Angeles Harbor. $(document).ready(function() { 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. 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. 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. Tied up: pub landlords battle law that was meant to help them, Sign up to the daily Business Today email. } We pride ourselves in providing you with a consistent and dependable service that you can trust and value. 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. Including debt, the deal is worth £3bn. Stonegate Pubs Our goal is to deliver fantastic customer experiences. ei publican partnerships are the leading leased and tenanted pub businesses in the UK with a portfolio of over 4,000 pubs. } vOut = vOut.toLowerCase(); var aTags = gptValue.split(','); It has become Britain’s largest pub owner through a string of acquisitions, including buying former Whitbread pubs. dataLayerNews.related_tags = sanitize_gpt_value2("Ei Group, Stonegate"); 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 … 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. if(i!=(aTags.length-1)) 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". 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”). 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