Property group ‘in exclusive negotiations’ for £115m pub group
Property giant NewRiver has confirmed it is in talks to buy Birmingham pub group Hawthorn Leisure.
Hawthorn was formed in 2014 with the purchase of 275 Greene King pubs and now has a portfolio of more than 300 pubs.
It is backed by American private equity firm Avenue Capital, which is seeking a buyer for the group with a reported price tag of £115m.
Real estate investment trust NewRiver said it "has entered a period of exclusivity with Hawthorn and its major shareholder regarding a potential acquisition of the business".
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