Admiral Taverns is the UK’s top community pub group. The Board of the group have announced that an agreement has been successfully reached with the Proprium Capital Partners and the C&C Group plc. This agreement means that the two businesses have acquired the entire issued share capital of Admiral Taverns.
The Admiral Tavern management team will remain invested in the company and will continue to lead the business. The management will be looking at developing their proven growth strategy, a scheme which has seen Admiral Taverns become a leading operator of community pubs throughout the UK.
Admiral Taverns has delivered a strong operational performance across their portfolio of establishments. This success has had a foundation of the company’s proactive investments and a targeted acquisition strategy. The acquisition strategy has allowed the Group to make the most of the opportunities that have arisen in the market. The most recent strategic success of this kind is the successful acquisition and integration of 11 pubs from Star Pubs and Bars, which took place in 2014.
In recent years, the community pub group has consistently shown improvement, and it is hoped with the partnership on new investors, this growth will continue. These new investors will allow the group the platform it needs in order to carry out their growth plans.
Admiral Tavern remains consistent in their development plans and with the support of their new investors, Proprium Capital Partners and C&C Group plc, the business will continue to expand and make the most of market opportunities as they arise. Admiral Tavern has their headquarters in Chester and the group operated an estate which spreads across the nation and includes 845 community pubs. The majority of these properties are wet-led pubs and are located in the heart of their local communities. The company has been able to establish and develop positive and progressive relationships with their supportive approach and focus on operations.