KEY BUSINESS ACHIEVEMENTS
Continued to invest in its high-quality and very profitable pub estate in Brighton
Grew the London estate from six to 21 sites
Opened the Laine Brew Co., a brewery which produced high-quality craft ales and lagers for sale to the Laine's estate and to third-party trade
Increased EBITDA by over 70% to £5.3 million
PUBS AND BARS IN BRIGHTON AND LONDON
In May 2018, Laine’s was sold to Punch Taverns, the owner of 1,300 pubs across the UK, in a transaction valuing the company at £40 million. The sale generated a multiple of 2.1 times the cost of the investment.