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TDR Capital confirms pub groups' merger
By Pete Hayman
European private equity firm TDR Capital has revealed that Stonegate Pub Company (SPC) and Town and City Pub Company (TCPC) are to merge, with combined estate of 560 sites.
TDR Capital will be the majority owner of the merged organisation - to be called Stonegate Pub Company Limited, with Ian Payne to continue as chair. It is the first major deal for SPC since it was formed in November 2010 to acquire a number of pubs from Mitchells and Butlers.
European private equity firm TDR Capital has revealed that Stonegate Pub Company (SPC) and Town and City Pub Company (TCPC) are to merge, with combined estate of 560 sites.
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