Hogan Lovells advises on Patron Capital Partners' disposal of Punch Pubs & Co to Fortress Investment Group
London, 15 December 2021 – Global law firm Hogan Lovells has advised Patron Capital Partners (“Patron”), on the sale of Vine Acquisitions Limited (“Punch Pubs & Co”), a leading owner of approximately 1,300 tenanted pubs in the UK, to private equity firm Fortress Investment Group.
Patron, the pan-European institutional investor focused on property backed investments, initially acquired Punch in August 2017 alongside May Capital.
The Hogan Lovells team was led by London-based Corporate & Finance partner John Connell with support from senior associate Anthony Doolittle. Partner Faye Jarvis advised on pension aspects, partner Karen Hughes and senior associate Tom Eyre-Brook advised on tax aspects, and partner Fiona Bantock advised counsel on ESI.
Commenting on the deal, partner John Connell said: “We are delighted for Patron Capital, Punch and Fortress Investment Group on this successful high profile exit which will see Punch into its next stage of growth. This transaction is a great example of our teams working together and in particular the strength of our London private equity practice. “
Sidley Austin advised Fortress Investment Group.
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