Stonegate Pub Company’s £1.27 billion recommended cash offer for EI Group plc

Ashurst advised Nomura International, Goldman Sachs International and Barclays in relation to the £1.27 billion recommended cash offer for EI Group plc by Stonegate Pub Company.

EI Group is the largest owner of pubs in the UK. Headquartered in Solihull, EIG began its trading operations in 1991 and has over 4,000 operating sites across England and Wales as at 31 March 2019 and employed more than 1,800 employees as at 30 September 2018.

Stonegate is a managed pub company and has a national estate of over 765 operating outlets. It was initially formed in November 2010 when Stonegate, an entity established by investment funds managed by TDR Capital, acquired 333 managed pubs from Mitchells & Butlers.

Nomura International, Goldman Sachs International and Barclays are acting as financial advisers to Stonegate in connection with the transactions.

The Ashurst team is being led by partner Tom Mercer (Picture) along with partners Tim Rennie, Ross Ollerhead and Karen Davies, assisted by senior associates Harry Thimont and Campbell Johnson and associates Byron Nicol and Demi Pham.

Involved fees earner: Karen Davies – Ashurst; Campbell Johnson – Ashurst; Tom Mercer – Ashurst; Byron Nicol – Ashurst; Ross Ollerhead – Ashurst; Demi Pham – Ashurst; Tim Rennie – Ashurst; Harry Thimont – Ashurst;

Law Firms: Ashurst;

Clients: Barclays Bank; Goldman Sachs International; Nomura;