Since its foundation in 2004, Red Mist Leisure has grown into a profitable collection of ten high-quality, managed gastropubs dedicated to delivering an authentic and genuine, family-friendly pub experience with a premium food offering.
Having identified a number of opportunities for further expansion, the company made the decision to bring their portfolio to market through Christie & Co in order to seek a new equity partner who could help drive the business forward.
We are pleased to announce that Red Lion Holdings LLP (RLH) has acquired a majority stake in Red Mist Leisure. The investment deal will help accelerate the expansion of the RML estate across the South of England and further afield. RLH are very excited to get the next chapter of their journey underway, working as part of a larger, more experienced family in the years ahead.
Mark Robson, Managing Director at Red Mist Leisure comments, “This investment is an exciting and very positive development for our company, our teams and our customers. I am so proud of what Red Mist has achieved since we started in 2004 and this new equity injection provides us with the capital to expand our business in the future. We are very grateful to Neil Morgan and his team at Christie and Co for brokering this deal during such challenging and unprecedented times and we are very excited to get the next chapter of our journey underway.”
Jason Myers, Principal at Red Lion Holdings comments, “On behalf of the shareholders of RLH, we are very pleased to have worked with Christie and Co to bring Red Mist into the RLH family. It’s a testimony to the dedication of all parties and stakeholders that we successfully completed this exciting deal during this period. This new structure and significant investment will put Red Mist (and RLH) in an excellent position to capitalise on these opportunities and we look forward to working with Neil and the team at Christie & Co on future transactions.”
The project was led by Neil Morgan, Senior Director in Christie & Co’s Corporate Hospitality Team.
Neil adds, “We are delighted to share such a positive news story in light of the challenges the hospitality sector faces at present, due to COVID-19. The deal demonstrates the strong demand and confidence that remains for managed houses, which are currently in short supply. As such, we continue to receive very high levels of interest for businesses of this kind.
“It was a pleasure working with the senior team at Red Mist Leisure and Red Lion Holdings LLP in securing the transaction and we look forward to continuing the relationship in aiding their expansion.”
For further information on this press release, contact:
, Corporate Communications Executive
P: 020 7227 0794 or E: firstname.lastname@example.org
Contact the agent:
, Senior Director – Corporate Hospitality
P: +44 7831 101 260
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