Hawthorn Leisure has acquired a portfolio of 25 public houses in the Northwest of England from Nectar Taverns, a privately owned managed pub company with an estate of 28 freehold outlets predominantly in the North West of England.. The Nectar pubs, which include 24 freeholds and 1 long leasehold, will continue to operate under their current centrally managed business model.
The transaction follows acquisitions by Hawthorn Leisure earlier in 2014 of 363 leased and tenanted pubs, including 275 pubs from Greene King (see link to previous article below) and 88 pubs from R&L.
Gerry Carroll, Chief Executive of Hawthorn Leisure, said: “The Nectar pubs are a perfect fit for Hawthorn Leisure. Our strategy of acquiring and investing in community pubs across the UK, providing them with both the capital and management support they need to thrive, will secure the continued future success of the Nectar pubs. We look forward to welcoming them to Hawthorn Leisure.”
Hawthorn Leisure is backed by Avenue Capital Group, May Capital LLP and management. The terms of the Nectar acquisition have not been disclosed.
About Hawthorn Leisure
Founded in 2014 and backed by Avenue Capital Group and May Capital LLP, Hawthorn Leisure is an innovative pub company with a clear strategy to acquire public houses across the United Kingdom considered to be “non-core” or earmarked for disposal by their current owners. Hawthorn Leisure’s experienced management team, led by its Chief Executive Gerry Carroll, is uniquely placed to use its resources to provide a high level of management and capital support to Hawthorn Leisure’s pubs, with the clear objective of helping to maximise their full potential.
For more information about Hawthorn Leisure click here
Link to acquisition of Greene King pubs here