Fortress to acquire Punch Pubs from Patron Capital.

Fortress Investment Group, an American investment management firm based in New York, agreed to acquire Punch Pubs, a pub and bar operator in the United Kingdom, from Patron Capital, a European private equity real estate fund. Financial terms were not disclosed. "We are excited to team with Clive and the Punch management, which has done an exceptional job of navigating the challenges of the Covid crisis while positioning the business for long-term growth and value creation. We believe in providing strong management teams with the flexibility and support to execute their long-term strategic plans. The UK is an extremely attractive investment environment, and we will continue to explore other opportunities in this sector and across the UK, Ireland and Europe," Cyril Courbage, Fortress Investment Group Managing Director.