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

Liberation Group acquires 21 pubs from Wadworth and Company

11 November 2020 by
Liberation Group acquires 21 pubs from Wadworth and Company

Channel Islands pub and restaurant business the Liberation Group has announced that its Bristol-based subsidiary Butcombe Brewery has exchanged contracts to acquire 21 pubs from Wadworth and Company.

The acquisition is in line with Liberation's longer-term strategy to grow Butcombe's presence throughout the West Country via the acquisition of predominantly freehold pubs capable of supporting a premium, food-led offering with accommodation. The acquisition will add 140 rooms to Liberation's managed estate, taking the total number to 223.

Liberation will incorporate the sites and employees into Butcombe's existing 39-pub portfolio and intends to invest "substantial capital" into many of the businesses.

Liberation will finance the entire cost of the acquisition through investment from its ultimate shareholder, Caledonia Investments.

Jonathan Lawson, chief executive of the Liberation Group, said: "We are delighted to welcome the teams of these fantastic pubs to Butcombe and have worked closely with Wadworth to ensure a smooth transition. We have ambitious plans for these businesses and look forward to a successful future together.

"Although the challenge posed by Covid-19 on Liberation, and the wider hospitality sector, continues to be substantial, it has not impacted our longer-term strategic ambition for Liberation, or the strength of customer demand for the exceptional experiences that we provide.

"We have been encouraged by the strength of Liberation's trading performance post-lockdown, up to and including October half term, with our managed pubs successfully offsetting the impact of lower drink revenues with double digit food and accommodation growth.

"The strength of Liberation's recovery is a direct reflection of the inherent quality and relative positioning of Liberation's portfolio of businesses and the unrelenting dedication and passion of our colleagues throughout this immensely challenging period."

The Liberation Group was advised by Sapient Corporate Finance.

In December 2014, Liberation acquired the Butcombe Brewery and pubs business for expansion in the UK.

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