Client stories

NatWest financing to help recovery of UK pub sector

RedCat acquisitions revive UK pubs and local neighbourhoods post-pandemic

Aiming to support the recovery of the hospitality sector after the COVID-19 pandemic, the former Chief Executive of pub retailer and brewer Greene King, Rooney Anand, founded RedCat at the beginning of 2021 to acquire retail and tenanted pubs and pub hotels that have either been severely affected by the pandemic or where existing owners are seeking to exit.

The company plans to build its portfolio to approximately 200 pubs or pub hotels over the next two years, primarily in the east, south and midlands regions of the UK, with the intention of improving quality, earnings and value of these assets, with the help of a sector-experienced management team and diligent capital investment.

Credit facility allows RedCat to seize market opportunities

NatWest supported RedCat with the upsizing of its revolving credit facility in support of their investment and M&A activity alongside committed equity from sponsor Oaktree Capital.

Pubs to take their rightful place at the heart of the community

Steve Simpson, NatWest, commented: “We are delighted to help RedCat revive the UK pub sector after a tough two years. As a major supporter of UK business, we champion those who want to start or grow an enterprise, and we are delighted to support RedCat with this financing package, which will help fund their investments and future growth.”

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