Stonegate is the largest pub company in the UK operating c. 4,800 pubs across the country formed through the merger of Stonegate Pub Company (“Stonegate”) and Ei Group (“Ei”) in March 2020. The estate consists of traditional pubs in both high street and suburban locations as well as leading branded bars, including Slug & Lettuce, Yates and Walkabout.  


From 2007 to 2010, the UK pub sector faced a challenging environment, impacted by both the smoking ban and the financial crisis. Whilst market sentiment towards the sector remained subdued in 2010, we believed there was an attractive opportunity to invest and take a leading role in building a major platform in the industry.

We established Stonegate in 2010 to acquire 333 pubs from Mitchells & Butlers plc and from this platform grew the estate through acquisitions to over 770 pubs. We had been monitoring Ei for a number of years as a compelling acquisition target for Stonegate and successfully completed the take private of Ei in March 2020.

What we've done

The initial Stonegate platform grew substantially through a series of add-on transactions, with a focus on building the high street drinks-led pub market champion.

We hired an industry-leading management team and have supported them in integrating these add-on acquisitions, as well as driving performance through a number of operational initiatives and significant capital investment to refurbish the estate.

Stonegate’s management is strongly positioned for the next phase of the business focused on integrating Ei’s estate onto the Stonegate platform and executing a capital investment programme to transform a significant part of the acquired estate.