Ei Group, formerly known as Enterprise Inns, has agreed to be bought by Slug and Lettuce owner Stonegate for £1.28 billion. 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. Copyright - Unless otherwise stated all contents of this web site are © 2021 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics: Reviews (310) 732-5875. The proposed buyout comes as the hospitality industry battles increased costs because of the minimum wage increase, higher property prices and electricity bills as well as a diminishing appetite among younger customers for pub drinking. The shareholders of Ei, which was previously Enterprise Inns, accepted the offer by Stonegate in September 2019. The watchdog said it had seen evidence that there are “several potential suitable purchasers who have expressed an interest” in acquiring the pubs. Slug & Lettuce owner to buy Enterprise Inns for £3bn 18th July, 2019 by Edith Hancock Pub group Stonegate, which owns Be At One and Slug & Lettuce, has bought out the … dataLayer.push(dataLayerNews); If you wish to join, just request it, and it shall be granted. In a notice issued today (9 January), it said the sale of 42 pubs “might be acceptable as a suitable remedy” to local competition concerns. EI Group, formerly known as Enterprise Inns, plans to turn over its 4,000 pubs and properties across the country to Stonegate, whose private equity backers TDR Capital are looking to expand, despite current challenges facing the pubs sector and high street retail in general. The takeover would add Ei’s nationwide stable of more than 4,000 pubs to Stonegate’s existing 772 sites, which also include Yates and Walkabout, making the combined group Britain’s largest pub company by far. Classic Inns are destination suburban pubs, combining a traditional pub environment with a premium food and drink experience. Stonegate began trading in 2010 after acquiring 333 pubs from Mitchells & Butlers, and now manages an estate of more than 765 sites after a series of acquisitions including the Walkabout brand. Stonegate Pubs Our goal is to deliver fantastic customer experiences. for (var i=0; i < aTags.length; i++) It said it had found “a limited number of local areas where significant concentration gives rise to significant competition concerns”, ranging from High Wycombe to Caerphilly. this part of the website relates to the recommended cash acquisition by stonegate pub company bidco limited (“stonegate bidco”), a wholly owned subsidiary of stonegate pub company limited, of ei group plc (“eig”), to be effected by way of a scheme of arrangement under part 26 of the companies act 2006 (the “acquisition”). Anybody who has had dealings with Enterprise Inns are welcome to post their experiences, grievances or anything else (within the laws of FB) on this site. Tied up: pub landlords battle law that was meant to help them, Sign up to the daily Business Today email. Subscribe Stonegate Pub Co owns 772 pubs, including the Slug & Lettuce, Walkabout and Yates brands. 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