Pubs and Bars

Fortress acquires Punch Pubs and Co

Punch Pubs and Co, which is led by CEO Clive Chesser, operates 1,300 pubs across the UK

Fortress Investment Group has announced the acquisition of Vine Acquisitions Limited (Punch Pubs and Co) from Patron Capital Partners for an undisclosed amount.

Punch Pubs and Co, which is led by CEO Clive Chesser, operates 1,300 pubs across the UK.

Through the pub group’s business model, the company was reportedly able to weather the ongoing challenges of the pandemic, which culminated in the acquisition of 56 pubs from Young’s Ram Pub Company back in July.

Chesser reiterated the “positive news” for everyone connected with Punch, and his excitement about the opportunity that lies ahead with Fortress Investment Group.

He said: “We welcome their ambition and commitment to work alongside the existing management team to invest in the business with innovation and capital to ensure our long-term success in what is a highly competitive market.”

Cyril Courbage, managing director, Fortress Investment Group, added: “We believe in providing strong management teams with the flexibility and support to execute their long-term strategic plans.

“The UK is an extremely attractive investment environment, and we will continue to explore other opportunities in this sector and across the UK, Ireland and Europe.”

Back to top button