Pubco raises a glass to new private equity investment

A challenger pubco which has snapped up a number of East Midlands pubs, bars and cafes over the last 12 months has landed more funding to buy new venues.

RedCat Pub Company, which is owned by former Greene King boss, Rooney Anand, has secured new investment from Oaktree Capital, according to Sky News.

Some 16 of RedCat’s 120 venues are in the East Midlands. They include:

Derbyshire: The Cock Inn

Leicestershire: The Blue Bell Inn; The Curzon Arms; The Windmill Inn, The Langton Arms, The Crown Inn

Lincolnshire: Smiths of Bourne; Wig & Mitre; The Jubilee Garage

Nottinghamshire: Copper; Tom Brown’s Brasserie; Waterside Bar and Kitchen; The Prince Rupert; Copper City; The Cross Keys

Rutland: The Lord Nelson

Anand set up RedCat early last year, when Oaktree invested around £200m in the venture. It acquired 40 pubs from industry leader Stonegate Pubs in 2021.

Industry insiders now believe the company has an enterprise value of around £250m.