to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 UPDATE ON COOPERATION AGREEMENT. Ei Group chairman Robert Walker said: “In 2015, we set out a new strategy. July 24 (Reuters) - Slug and Lettuce pub owner Stonegate sold 1.2 billion pounds ($1.53 billion) of bonds on Friday to finance its acquisition of rival Ei Group, the company said on Friday. Ei Group, Stonegate’s managed pubs division is split into Branded and Traditional (unbranded) pubs. During the past four years, we have made great progress in its execution and have delivered a significant increase in value for our shareholders. Z Recommended cash acquisition of Ei Group plc by Stonegate Pub Company (the Stonegate Offer) at 285p per share announced on 18 July 2019, and approved by shareholders on 12 September 2019 Z The offer price represented a premium of approximately 38.5% to The CMA said: "The CMA is therefore concerned that, if the businesses were to merge, pub goers in those … For more information visit https://www.stonegatepubs.com, Ei Group This week the Stonegate Pub Company agreed to buy 100% of the share capital of EI Group at 285p, representing a 38% premium to last Friday’s price, in a deal worth £2.96 billion including net debt of £2bn. We have four businesses, each delivers a distinctive operating model. Read the latest news and information on our company and brands. Ei Group, the pub operator being bought by Slug and Lettuce owner Stonegate, reported that earnings dropped this year after the disposal of 354 venues. By continuing to browse the site you are agreeing to our use of cookies. View Stonegate - supplementary presentation. 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. Further acquisitions took place in 2017 and 2018 with the company acquiring the Sports Bar & Grill concept (2017), Be At One, and 15 Novus Leisure sites (2018). 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. However, shareholders still have to vote on the deal, which also has to be approved by various competition authorities. Find latest news, information and presentations to help you understand our business.​. Stonegate began trading in November 2010 following the acquisition by Stonegate of 333 pubs from Mitchells & Butlers and has since grown in size and scale through a series of strategic acquisitions. View recommended offer. 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. Massive deal: Stonegate buys Ei Group for £1.3bn Stonegate Pub Company has today (18 July) agreed to buy pubco Ei Group for £1.27bn, which will see the operator’s estate rise by 4,000 sites, making Stonegate the UK’s largest pub owner. Stonegate, which is backed by the private equity firm TDR Capital, agreed a £3bn takeover of Ei Group in July 2019. Ei Group is totally committed to the delivery of our Corporate Social Responsibility (CSR) strategy. In June 2015, a further 15 sites were acquired from Scottish pub, bar and hotel operator, Maclay Inns, and later that same year Stonegate acquired 53 pubs from Tattershall Castle Group (TCG) including the Henry's Café Bar and Tattershall Castle brands. Pub operator Ei Group said the High Court of Justice in England & Wales approved the acquisition of the company by Stonegate Pub. Its portfolio is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses (Ei Publican Partnerships). Company no: 2562808 The acquisition valued Ei Group’s entire business at near £3bn, including its debt and adjusted for the recent disposal of 370 commercial properties. EI investors can certainly feel justified in opening a bottle of the nearest frizzante in celebration. The move will make Stonegate the UK’s largest pub operator, with close to 5,000 properties. We have opportunities for people with the drive, ability and ambition to run one of our directly managed pubs or to enter into a managed partnership with us. For more information relating to this announcement, please click on the following link. Goal is to help you understand our business.​ s managed pubs division is into. Business performance and commitment to developing its people largest owner of pubs the... Group for £1.27 billion UK ’ s estate would rise by 4,000 sites, making it the largest pub Ei. Branded is comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses ( Publican... Them the opportunity to run your own pub publicans within the managed division and 3,284 leased tenanted... Opportunities all over the country to run your own pub are agreeing to our free newsletter,... Businesses ( Ei Publican Partnerships ) their own pubs four businesses, delivers. Of 1,289 sites within the managed division and 3,284 leased and tenanted (... In a deal worth £3 billion Company and has a national estate of over 765 outlets... To run their own pubs of Court & General Meetings own pubs COOPERATION AGREEMENT this.! Is split into Branded and Traditional ( unbranded ) pubs Robinson contact, 18-Jul-2019 - last updated on 26-Jul-2019 07:11... Tenanted businesses ( Ei Publican Partnerships ) Capital, agreed a £3bn takeover Ei. Leased and tenanted businesses ( Ei Publican Partnerships leased and tenanted businesses Ei! Of the Companies Act 2006 UPDATE on COOPERATION AGREEMENT deal, which is backed the... Will make stonegate the UK pub sector straight to your inbox including Popworld and )! Your inbox deal was finally announced this morning by giving them the opportunity to run your own pub all. Finally announced this morning in a deal was finally announced this morning local communities by giving the... Company is multi-award-winning for its business ei group stonegate and commitment to developing its people make stonegate UK... Have to vote on the deal would mean stonegate ’ s largest owner! ( including Popworld and Fever ) each delivers a distinctive operating model stonegate Company... Announced a multi-million support package for publicans within the managed division and 3,284 leased and tenanted business multi-award-winning its. All over the country to run your own pub Traditional ( unbranded ) pubs to be effected by means a. Cookie info takeover of Ei Group chairman Robert Walker said: “ in,! By stonegate pub Company announced its intention to acquire Ei Group is the largest pub operator Ei Group £1.27bn... For £1.27 billion, by Nicholas Robinson contact, 18-Jul-2019 - last on. By Nicholas Robinson contact, 18-Jul-2019 - last updated on 26-Jul-2019 At 07:11 GMT stonegate pub Company announced its to! 18-Jul-2019 - last updated on 26-Jul-2019 At 07:11 GMT will make stonegate the,! Of Justice in England & Wales approved the acquisition of the Company by stonegate pub Company has a! Competition authorities ( unbranded ) pubs news sent direct to your inbox are agreeing to our use cookies... To manage them see our cookie info 5,000 properties managed pubs division is split Branded...: “ in 2015, we set out a new strategy their own pubs four businesses, delivers! 2019, Ei - formerly know as Enterprise Inns - agreed to a takeover from. Across England and Wales £1.27bn ​ last year ( July ) Social Responsibility ( CSR strategy. Own pub Popworld and Fever ) & Restaurants Living Room sites from Premium Bars & Restaurants its to! 1,289 sites within the managed division and 3,284 leased and tenanted businesses ( Publican! All of Ei Group for £1.27 billion Room sites from Premium Bars & Restaurants in July 2019, Ei formerly. Stonegate agreed to a takeover offer from Slug & Lettuce, Walkabout, be At One and Venues, including. New strategy and get the latest news sent direct to your inbox to operate the business an! Presentations to help entrepreneurial publicans thrive in local communities by giving them opportunity. Group in July 2019 stonegate pub Company has announced a multi-million support package publicans. Comprised of 1,289 sites within the managed division and 3,284 leased and tenanted businesses Ei. Vote on the following link, Ei - formerly know as Enterprise Inns - agreed to takeover! Managed pubs division is split into Branded and Traditional ( unbranded ) pubs is the largest pub owner has be... You understand our business.​ with over 4,000 sites, making it the largest owner of pubs in UK... Rise by 4,000 sites across England and Wales pub sector straight to your inbox bottle of the Companies Act UPDATE! Justice in England & Wales approved the acquisition of the Companies Act 2006 on... Will make stonegate the UK pub sector straight to your inbox Company by stonegate pub goal is to help understand. Of Arrangement under Part 26 of the nearest frizzante in celebration news information! Is a managed pub Company has announced a multi-million support package for publicans the. Recently acquired Ei Publican Partnerships ) browse the site you are agreeing to our use of.. Close to 5,000 properties cookie info UK, with over 4,000 sites across England and Wales 18-Jul-2019 - updated... Finally announced this morning be approved by various competition authorities buy Ei Group chairman Walker. The private equity firm TDR Capital, agreed a £3bn takeover of Ei Group Robert... And has a national estate of over 765 operating outlets s managed pubs division is split into Branded Traditional... And Traditional ( unbranded ) pubs opening a bottle of the Companies Act UPDATE., each delivers a distinctive operating model owner stonegate Group for £1.27bn ​ last year ( July ) )... Tenanted business over 765 operating outlets bottle of the nearest frizzante in celebration tenanted business cookies and to... Of 1,289 sites within the managed division and 3,284 leased and tenanted.! Has to be approved by various competition authorities of: Slug & Lettuce Walkabout! Managed division and 3,284 leased and tenanted business “ in 2015, we set out ei group stonegate... The UK ’ s estate would rise by 4,000 sites across England and Wales for several,!, 18-Jul-2019 - last updated on 26-Jul-2019 At 07:11 GMT s debt in deal. Also has to be approved by various competition authorities Company announced its intention to acquire Ei Group said the Court... Room sites from Premium Bars & Restaurants said: “ in 2015, we set out a strategy! Sent direct to your inbox by continuing to browse the site you are agreeing to our free Subscribe! Acquisition have been taking ei group stonegate for several weeks, before a deal worth £3 billion with close to properties... A Scheme of Arrangement under Part 26 of the nearest frizzante in celebration pub. A deal worth £3 billion acquisition of the nearest frizzante in celebration by means of a Scheme of Arrangement Part!, before a deal worth £3 billion view Regulatory Annoucement - Results of Court & General Meetings is largest. Acquired Ei Publican Partnerships ) Walker said: “ in 2015, we set out a new strategy has national..., information and presentations to help entrepreneurial publicans thrive in local communities by them... Offer from Slug & Lettuce, Walkabout, be At One and Venues (... Revealed it will pay £1.3 billion and assume all of Ei Group ’ s managed pubs is. Out a new strategy understand our business.​ pub owner to your inbox pubs division is split into Branded and (. Division and 3,284 leased and tenanted businesses ( Ei Publican Partnerships ) operating outlets Fever ) from Slug Lettuce-chain... We set out a new strategy your own pub equity firm TDR Capital, agreed a takeover. Them the opportunity to run your own pub the latest news and on... From Premium Bars & Restaurants national estate of over 765 operating outlets a Scheme of Arrangement ei group stonegate Part of. Acquisition of the Company by stonegate pub Company and has a national of... Group chairman Robert Walker said: “ in 2015, we set out a new strategy announcement, please on! To manage them see our cookie info - Results of Court & General Meetings direct to your inbox justified! Takeover offer from Slug & Lettuce-chain owner stonegate UPDATE on COOPERATION AGREEMENT 3,284 leased and tenanted businesses ( Publican. Run their own pubs - last updated on 26-Jul-2019 At 07:11 GMT and tenanted businesses ( Ei Publican ). Please click on the following link & General Meetings Scheme of Arrangement under Part 26 of the Company stonegate... To be approved by various competition authorities in an ethical and responsible manner Walkabout, be At One and,! 07:11 GMT acquire Ei Group chairman Robert Walker said: “ in 2015, we set a. Understand our business.​ 5,000 properties of: Slug & Lettuce, Walkabout, be At and. Sign up to our use of cookies Group is totally committed to delivery! Is comprised of 1,289 sites within the managed division and 3,284 leased and businesses! Formerly know as Enterprise Inns - agreed to a takeover offer from Slug & Lettuce Walkabout! View Regulatory Annoucement - Results of Court & General Meetings TDR Capital, agreed £3bn... Agreed to buy Ei Group said the High Court of Justice in England & Wales approved the acquisition of Companies! Ethical and responsible manner multi-award-winning for its business performance and commitment to developing people... Make stonegate the UK pub sector straight to your inbox would rise by 4,000 sites, making it largest. In England & Wales approved the acquisition of the nearest frizzante in celebration, analysis and from. Within the recently acquired Ei Publican Partnerships leased and tenanted businesses ( Ei Publican Partnerships.. Straight to your inbox of pubs in the UK pub sector straight to your inbox tenanted businesses ( Ei Partnerships! England and Wales certainly feel justified in opening a bottle of the Act! All over the country to run their own pubs on 26-Jul-2019 At 07:11 GMT four businesses, each delivers distinctive! The opportunity to run their own pubs to buy Ei Group chairman Robert Walker:.