The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Venture capital firms approach De Vere

31 October 2005

De Vere group has reportedly received interest from two private equity groups about a takeover.

The 19-strong hotel company, which is valued at about £460m, is thought to have attracted attention because of its asset-rich balance sheet.

Despite selling its flagship Belfry hotel in Warwickshire to Irish property group Quinn Group in February for £186m, it is not looking to sell off large parts its bricks and mortar.

One City source was not surprised at the news. "It's a well-run company and has been a perennial takeover target for as long as I can remember."

A De Vere spokeswoman said the company refused to comment on industry speculation.

by Tom Bill

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking