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PRINT THIS PAGE Alchemy buys 178 city centre pubs and bars from Spirit Group for £177m20/09/2005. Source: AltAssets. 
 Alchemy Partners' Tattershall Castle Group, backed by Alchemy Investment Plan, has agreed to acquire 178 city centre pubs and bars from the Spirit Group for £177m.
Jon Moulton, Alchemy managing partner, said, 'We are delighted to have backed this transaction - we always wanted a flagship pub!'
Karen Jones, chief executive officer of Spirit, said, 'We are very pleased to have brought this process to a successful conclusion. Our City Day and Night pubs are great assets and I am sure that they will prosper under Alchemy. This deal allows Spirit to focus on our core community and food-led pubs, which, as demonstrated by our trading figures, continue to gain real momentum. Spirit is fully focused on trading and there is a great deal more to go for.'
The Alchemy Investment Plan makes investments of equity and of an equity nature in leveraged management buy-outs and buy-ins and late stage development capital provided that the investment is linked with the UK or German-speaking Continental Europe.
Copyright © 2005 AltAssets
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