• M&A Leisure deal flow
Newsletter:

M&A Leisure deal flow

23 June 2022

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Welcome to our review of the latest deals and M&A activity in the leisure market. Our expert Leisure M&A team examine the latest developments and news across all areas of leisure including restaurants & bars, hospitality, sports and travel.

If you would like to discuss your M&A plans and needs, please get in touch.

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  • C&C Group sold its 47% stake in Admiral Taverns to Proprium Capital Partners, with whom it originally invested £37m for its stake into the c.1,600-strong community pub operator in September 2017, for £55m (c. 10.9x FY2023 EBITDA). (Morning Advertiser)

  • Tortilla acquired Chilango for £2.75m from investment firm, RDCP Group. (The Caterer)

  • HOP, the London-based Vietnamese street food concept, raised £2.25m to grow sites on the back of the improved performance of its more QSR-style operating model. (Propel)

  • SA Brain sold 95 pubs to Song Capital (backed by Cerberus Capital Management) for c.£85m. (Sky News)

  • RedCat Pub Company, the investment vehicle founded and chaired by Rooney Anand to invest in the UK pub sector, has acquired two venues on the North Norfolk Coast – The Pheasant Hotel (luxury 32 bedroom hotel) and Blakeney Manor Hotel. These are the ninth and tenth acquisitions by The Coaching Inn Group under RedCat ownership and bring the number of pub hotels owned by The Coaching Inn Group to 28. (The Caterer)

  • Major League Cricket, the UK-based cricket club, raised a USD 44m Series A Fundraising Round and has an additional commitment of USD 76m in further fundraising over the next 12 months in place. (Entrepeneur News Network)
  • Birmingham Sports Holdings is weighing multiple offers or Birmingham City Football Club, including one from former Watford FC chairman Laurence Bassini for £35m, which is backed by the owner of West Ham FC, David Sullivan, a former owner of Birmingham City, whose Rickleford Limited vehicle has agreed to provide a £33m loan for the deal. (Birmingham Mail)
  • PAI Partners and TPG have bid of £1.6bn for the UK-based holiday parks operator, Parkdean(Sky News)
  • Hipcamp, a San Francisco-based company that unlocks access to private land for camping and outdoor recreation, backed by JAY-Z, has acquired Tripadee, a UK-based firm that offers camping and glamping services. (Glamping Business)
  • Bookaway Group raised $35m Series C to digitise the $157bn ground transport sector, making it as easy for travellers to search, shop, book and pay for ground transport as flights as hotels. Following four acquisitions in the previous twelve months, the group consists of Bookaway.com, 12Go, GetByBus and Plataforma 10. (Breaking Travel News)
  • Intrepid Travel invested £4.6 million in accommodation provider CABN to accelerate plans to deliver sustainable cabins across Australia by 2023 and grow from 11 eco-friendly cabins to 70 across the country. (Travel Mole)
  • Holding New Aire (HNA), a French campsite operator, has been acquired by its domestic competitor Siblu, a portfolio company of PE firm Naxicap Partners. (Hospitality On)
  • Sleeperz Hotels, a UK-based hotel chain, was acquired by Mactaggart Family & Partners, a domestic co-investment management platform of Western Heritable, a family office-backed real estate private equity firm, from Costain and Connection Capital and management. (Daily Business Group)
  • Rawcliffe Hall Country Club and Caravan Park in Lancashire has been acquired by Harrison Leisure UK. The Rawcliffe park is a 42.7-acre site that includes 233 pitches and six cottages, as well as the historic Rawcliffe Hall that accommodates several bars and leisure facilities. (Harrison Holidays)
  • Middleton Enterprises, a UK-based investment firm, invested in OneGym, a UK-based fitness centre chain. Currently, OneGym operates six fitness centres across the northeast region. (New Business)
  • Hollywood Bowl, the UK-based operator of ten pin bowling centres, acquired Teaquinn Holdings, a Canadian-based bowling business, for GBP 10.6m. Pre-Covid, Splitsville operated four bowling centres with GBP £7.7m and EBITDA £1.7m. (Marketwatch)
  • Circularity Capital, the private equity firm, invested GBP 16.75m growth capital in the UK-based children's cycle subscription service Bike Club. Existing investor Codex Capital also participated in this round. (Company Website)