£222m sale of Hawthorn Leisure to Admiral Taverns
Deal TypePrivate Equity & Transaction Services
IndustryLeisure & Real Estate
Sub-IndustryRestaurants & Bars
ClientNewRiver REIT Plc
NewRiver REIT plc completed the sale of Hawthorn Leisure to AT Brady Bidco Limited (Admiral Taverns) for gross cash consideration of approximately £222.3m.
Hawthorn Leisure operates a community pub business with more than 650 pubs across the UK and Admiral Taverns, backed by Proprium Capital Partners, is a wet-led community pub operator with approximately 1,000 pubs.
BDO provided vendor due diligence in support of the transaction.