The Laine Pub Company has acquired six sites from the New Pub Company for an undisclosed sum.
Founder of New Pub Company, Peter Linacre has retained the brand’s largest food-led site, The Telegraph in Putney Heath.
All located within the M25, the acquired pubs include the Black Lion in Hammersmith (pictured), Camden Eye in Camden, Charles Holden in Colliers Wood, Glasshouse in New Malden, Griffin in Whetstone, and the Hare & Hounds in Claygate.
The pubs are expected to make an EBITDA of £0.84m on sales of £6.1m for the financial year to 31 March 2017. The freeholds for all six pubs are owned by Star Pubs & Bars.
Laine CEO Gavin George said, ‘The New Pub Company estate is operated by six exceptional management teams whom we are very pleased to welcome into Laine’s London business. We will use Laine’s support structure to help them develop their businesses further but hope also to learn much from them, particularly in the area of food service where Peter’s pubs have always been particularly highly regarded.’
Linacre, New Pub Company founder, added, ‘The shareholders are pleased to be selling the business to Laine Pub Company. I believe they will take our fantastic portfolio to the next level of development. I am also delighted to be retaining our largest food led site – The Telegraph. We wish Laine Pub Company and all our colleagues in New Pub Company, continued success.’