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Ropes & Gray Advises Avenue Capital on £107m Sale of Hawthorn Leisure

Practices: Private Equity, Real Estate Investments & Transactions

Ropes & Gray has advised global investment firm Avenue Capital Group on the £106.8m sale of Hawthorn Leisure Holdings, the 298-strong UK pub group, to leading UK property investor NewRiver.

Hawthorn Leisure, which was formed four years ago and was controlled by both its management and Avenue Capital, comprised a portfolio of 298 high quality community pubs.  These pubs add to NewRiver’s existing pub portfolio, increasing the size of its estate to 629 pubs. Going forward, the combined NewRiver & Hawthorn Leisure estate will target scale-based synergies and other improvements in purchasing and logistics.

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