Fladgate LLP has advised the principal shareholder of Bar Holdings Limited on its acquisition by Stonegate Pub Company. Bar Holdings Limited operates five bars trading under the Sports Bar & Grill brand. The acquisition provides Stonegate with entry into the transport hub market, with four of the five bars situated in major London transport stations. The bars are located in prime London sites in Waterloo, Marylebone, Victoria, Farringdon with the flagship Canary Wharf bar situated within the Crossrail development ahead of the Elizabeth line opening in 2018.
Stonegate’s portfolio will comprise 703 operating venues following the acquisition, further enhancing the group’s position as a leading managed pub operator in town and city centre locations nationwide.
Simon Longbottom, Chief Executive of Stonegate, commented:
“This is another excellent bolt-on acquisition for Stonegate which is right in our sweetspot and further consolidates our leading credentials in sports-led entertainment. We have long coveted a presence in key transport hubs and are excited about the opportunity which this presents.
“We have a proven track record of success in identifying, unlocking value and ultimately delivering higher returns from the pub assets which we acquire, as well as investing in the people within them. We look forward to welcoming our new colleagues into the enlarged Group and providing our new customers – sports fans, families and commuters alike – with some great Stonegate hospitality.”
The Fladgate team was led by corporate partner David Robinson, assisted by partner Amy Collins, associate Anthony Reeves and trainee Emily Comber.