£60m Laine Pub Co up for sale

Risk Capital Partners-owned Laine Pub Company has come to market through BDO with a price tag of £60m, according to The Times.

Headed up by Gavin George, the 55-strong pub company reported underlying earnings of £3.9m on turnover of £30.4m last year. The Times reported that current run rate for earnings is almost £7m with turnover of £45m.

Beyond the pub estate, which lies across Brighton and London, Laine Pub Company operates four on-site microbreweries, as well as a full production brewery in central Sussex.

Risk Capital Partners, Luke Johnson’s company, invested in the pub group in 2014, and this April the firm acquired six more London pubs for around £4m.