Vine Acquisitions Limited, backed by Patron Capital and May Capital, has acquired The Laine Pub Company (Laine) to add to its portfolio of more than 1,300 pubs across the country.
Laine is one of the leading independent managed pub companies in the south east of England, comprising 54 pubs, 21 in London and 33 in Brighton, including iconic venues such as the North Laine Brewhouse and the Four Thieves in Clapham Junction.
In addition, Laine operates four further pubs through its Mash Inns joint venture with Ei Group.
The acquisition was done in partnership with the Laine management team and will continue to be run by co-founder Gavin George.
George led a management buyout of Laine backed by Graphite Enterprise Trust and Risk Capital Partners in 2014, with both of these investors exiting the business on completion of the Vine Acquisitions’ takeover.
Vine Acquisitions Limited acquired Punch Taverns plc in August 2017 and now Punch and Laine will work closely together to explore opportunities for both businesses.
Terms of the acquisition were not disclosed.
Gavin George, chief executive of Laine, commented: “We are delighted to be partnering with Vine Acquisitions Limited, Patron Capital and May Capital on the next stage of Laine’s journey. With their support, we will be continuing to invest in our pubs and our management partners, and we have exciting plans to take our fantastic portfolio of beers to the next level.”
Stephen Green, senior partner of Patron Capital and director of Vine Acquisitions Limited, commented: “Laine’s portfolio of pubs in London and Brighton is totally unique. The energy and passion of the Laine team, and all of the management partners, are at the heart of their success, and we look forward to helping support the future growth of this fantastic business. We also believe Laine’s craft beers have tremendous potential.”