Drinks all round: Pubs acquisition marks first M&A deal for Bosham Capital Advisors
LONDON, February 28th 2017
Bosham Capital Advisors (BCA) has been working on behalf of British Country Inns (BCI) to find a buyer for their impressive portfolio of 16 traditional pubs. The first deal has just been completed with the sale of two pubs. The acquisition has been made by Liberation Group buying the two freehold pubs for an undisclosed sum. Both pubs are located in Somerset: the Lime Kiln Inn, Knole and Beambridge, Sampford Arundel.
The BCI group consists of four companies originally financed via the EIS by Smith & Williamson. Chairman of the companies Martin Sherwood is Senior Partner of Enterprise Investment Partners (EIP), a specialist smallcap corporate finance boutique with particular focus on the tax-efficient market, which provides management and investor relations services to the companies.
The Lime Kiln Inn is a traditional 17th century freehouse situated in the village of Knole, just outside Long Sutton and Langport, Somerset. It has been fully restored to its original glory with antique furniture and includes a large dining room and an impressive inglenook fireplace.
The Beambridge Inn is a traditional Inn located near Wellington, Somerset, close to junctions 26 and 27 of the M5. It has been refurbished and provides a blend of a characteristic country pub with 8 modern, stylish rooms.
Market research undertaken by BCA noted that in 2014 Liberation Group acquired the Butcombe Brewery in Bristol as a platform for expansion in the UK. BCA approached Liberation Group realising that they were a perfect fit for this acquisition as they have been buying pubs in the region ever since.
Peter Mathews, British Country Inns Executive Director commented:
"Working with BCA, we were able to provide Liberation with two sites which fitted their strategic search criteria of traditional pubs serving good quality food. We are delighted to have completed the sale and are actively marketing other pubs in our portfolio."
Edward Boddington, Partner of BCA commented:
“This is a landmark moment for BCA as it marks the completion of our first M&A deal in the leisure sector, a market segment in which we have active interest. We have been striving to develop this arm of our business and I am delighted to have closed this initial deal for EIP and BCI.”
Following the transaction British Country Inns will comprise of 14 quality food-led country inns.
About British Country Inns
British Country Inns (BCI) - http://www.bciplc.co.uk/ - BCI is a group of four companies comprising a total of 14 pubs. The BCI concept is quality food-led country inns, with a management team lead by Peter Mathews who has many years of operational experience in the pub industry and was part of the management team behind the successful English Country Inns Group, which was sold to Marstons in 2005.
About Bosham Capital Advisors
Bosham Capital Advisors (BCA) - http://www.boshamcapitaladvisors.com - is an independent investment, corporate finance and capital advisory firm, based in London, which acts as an advisory bridge between investors and investees in Asia & UK. BCA provides investment, corporate finance, strategic advisory, M&A and capital raising services across the digital-media, disruptive technology, consumer, hospitality and real estate sectors.
For further information contact:
Bosham Capital Advisors
British Country Inns
Enterprise Investment Partners
020 7843 0472