Admiral acquisition is completed

Admiral acquisition is completed

Admiral Taverns has reached an agreement with Propium Capital Partners and C&C Group plc for the two businesses to acquire, in partnership with the Admiral management, the entire issued share capital of Admiral Taverns.

The partnership is expected provide a strong platform for Admiral Taverns’ ambitious growth plans. Chief executive Kevin Georgel will continue to lead the business.

“I am delighted to welcome on board our new investors,” says Georgel. “This transaction positions our business for long term growth, ensuring we have the right platform in place to continue the significant progress we have made over the last five years and take advantage of the opportunities within our markets.

“On 1 November, we announced the acquisition of 17 pubs from Heineken, in partnership with G1 Group. This acquisition is early testament to our commitment to our growth strategy and with the sale of our own business now complete, we look forward to reviewing further appropriate opportunities as and when they arise.”