Private equity firm Risk Capital Partners has invested in InnBrighton - now renamed The Laine Pub Company - , which operates 45 bars and pubs in Brighton and London, to support further expansion.
The new name reflects its broader geographic reach and the increasing importance of its range of craft beers brewed in its three Laine’s microbreweries.
The company has 39 bars and pubs in Brighton and Hove but has expanded into London where it has six sites and a seventh set to open in the autumn.
InnBrighton was formed in 2007 from the merger of two of Brighton’s leading bar and pub operators, C-Side and Zelgrain. The company recorded a turnover of about £25m in its last financial year.
Risk Capital was founded by Ben Redmond and Luke Johnson who made his name building up PizzaExpress, Signature Restaurants and Belgo. They are now involved in restaurant and bar groups such as Red Hot World Buffet, Rocket Restaurants, The Draft House and Grand Union.