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

Marston's receives takeover bid from US private equity firm

29 January 2021 by
Marston's receives takeover bid from US private equity firm

Pub group Marston's has confirmed it has received a takeover bid from US-based private equity firm Platinum Equity.

The brewer said it had received an unsolicited proposal from the firm regarding a possible cash offer for the entire share capital of the business.

Speculation around a possible buyout had been growing following a Bloomberg report this morning (29 January), which saw Marston's share price jump as high as 30%.

Marston's said it will evaluate the bid with its advisers and make a further announcement "in due course".

"There can be no certainty that any firm offer will be made for the company, nor as to the terms on which any firm offer might be made," Marston's said

Ninety per cent of Marston's pubs are located outside city centres, making it well-placed to capitalise on the shift to home working.

The group entered a joint venture with Carlsberg last year which valued Marston's at £580m.

Marston's runs six breweries and 1,400 pubs and bars across the UK, including the Pitcher & Piano and Revere brands, and exchanged contracts with Welsh brewer SA Brain to take over the running of 156 pubs in Wales in December.

Investors are believed to be betting on a post-pandemic boom in the pub sector with several notable players eying acquisitions. Sky Newsreported last week that former Greene King boss Rooney Anand has raised around £200m to finance a takeover spree.

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