While the transaction fee of RedCat’s inaugural acquisition is reportedly unclear, an industry source told the publication that the deal is solely waiting for approval from the CMA.
The acquisition has been facilitated by a chain of events that commenced with Stonegate’s £3bn takeover of Ei Group.
In turn, the group agreed with the CMA to reduce its portfolio by 42, leaving the door open for Anand’s return to the UK pubs industry.
RedCat’s entry into the market was revealed earlier this year, as the group raised £200m to fund a series of upcoming acquisitions.
Sources at the time said that Anand’s investment vehicle would not “pursue large corporate takeovers”, instead favouring smaller acquisitions with “scope for improving operational performance”.
Catering Today has contacted Stonegate for further comment.