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New Deal


Announced

Completed

Heineken acquired Punch Taverns for £1.3bn.

Financials

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Transaction Value£1,776m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales4.4x
EV/EBITDA9.98x
Share Price Premium-
One Off Charge-

Sources

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Tags

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Restaurants and Bars

leasing

operation

pub

Brewers

Public

Mbo

Scheme

Completed

Friendly

Single Bidder

United Kingdom

Private Equity

Synopsis

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Heineken, a Dutch brewing company, acquired Punch Taverns, a pub and bar operator in the United Kingdom, for £1.3bn. The transaction will strengthen Heineken UK’s exposure to a sustainable revenue source from rental income. The enlarged estate will also provide operational synergies and economies of scale and a strong platform to improve visibility and increase sales of Heineken UK’s beer and cider brands in high-quality pubs.

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