Inn Collection Group bought by Harris family and Kings Park Capital
Alchemy Partners has sold pubs with rooms operator the Inn Collection Group to a new company backed by the Harris Family Trusts and Kings Park Capital.
The deal will see the 31-site pub company continue trading as normal with its existing teams, as it rolls-out its ‘buy and build' growth plans to expand its pubs with rooms model across the north of England and North Wales. The Times valued the deal at more than £300m.
Managing director of the Inn Collection Group Sean Donkin said: "This is a hugely exciting new chapter for our entire team. Our success really stems from loving what we do – which is operating outstanding sites where our customers can eat, drink, sleep and explore from in exceptional locations – with a cracking team of people at all levels.
"I am absolutely delighted that the Harris Family Trusts believe in our product and performance and are investing in our future at such a dynamic time. We look forward to a long relationship with the Harris family and resuming our established association with Kings Park Capital, who were part of the Inn Collection Group's formation in 2013.
"It's very much a case of ‘business as usual' across our operations as we continue to invest in our people and estate to further develop the Inn Collection Group brand and concept while growing our portfolio with new sites.
"Our greatest thanks to the team at Alchemy for backing us over the past four years and enabling us to far exceed our projected growth plans."
The Harris family was one of the founding families of Butlin's parent company Bourne Leisure Group, in which it sold a majority stake in 2021.
Paul Harris said: "We are excited at the prospect of backing Sean and his team to continue their ambitious strategy and to support further growth of their high quality portfolio of well-located inns with great potential."
Alchemy partners' Thomas Boszko said: "Our investment into the Inn Collection Group is a textbook example of the kind of deal we target: backing an outstanding management team to aggregate and dramatically enhance multiple underinvested owner-operated sites.
"Sean and the team have built the gold standard in modern inn groups and I have no doubt the new owners will be as delighted with the performance and the team as we have been."
It was announced last week that Alchemy Partners had acquired Brasserie Bar Co, which is behind the Brasserie Blanc and the White Brasserie Co restaurant brands.
