Stonegate Pub Company £3 billion acquisition of Ei Group

Overview:

• Stonegate Pub Company has made a £3 billion bid for Ei Group.
• Ei, formerly known as Enterprise Inns is the UK's biggest pub owner with over 4,000 sites. The company employs over 1,800 people.
• Stonegate, which is backed by TDR Capital, owns brands such as Slug & Lettuce, Yates and Walkabout and has 765 sites in the UK.
• Stonegate's bid values Ei shares at a 38% premium over the company's share price ahead of the bid.
• The acquisition and final terms of the offer are dependent on competition clearance.
• Deutsche Bank and Rothschild & Co advised Ei. Barclays, Goldman Sachs and Nomura advised Stonegate.

Sam Duke