M&A Deal Summary

Ei Group Acquires Discovery Inns

On January 1, 1997, Ei Group acquired business services company Discovery Inns from ECI Partners for 48M GBP

Acquisition Highlights
  • This is Ei Group’s 1st transaction in the Business Services sector.
  • This is Ei Group’s 0th largest (disclosed) transaction.
  • This is Ei Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 1997-01-01
Target Discovery Inns
Sector Business Services
Buyer(s) Ei Group
Sellers(s) ECI Partners
Deal Type Add-on Acquisition
Deal Value 48M GBP

Target

Discovery Inns

Bristol, United Kingdom
Discovery Inns comprises of 223 tenanted estate of traditional community public houses HQ in Bristol.

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Buyer(S) 1

Buyer

Ei Group

Solihull, United Kingdom

Category Company
Founded 1991
Sector Restaurants
Employees1,371
Revenue 695M GBP (2018)
DESCRIPTION

Ei Group is a British leased and tenanted pub company. Ei Group was founded in 1991 and is based in Solihull, the United Kingdom.


DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 3
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-30 Unique Pub Company

United Kingdom

Cinven acquired the Unique and Voyager pub estates in March 2002 for EUR3.2 billion. The combined estates are known as the Unique Pub Company. The acquisition comprised two separate pub estates: Unique and Voyager, between them operating 4,209 pubs in the UK. Unique was an estate of tenanted pubs, while Voyager was undergoing conversion from a managed to tenanted estate.

Buy -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 11 of 76
Sector (Business Services) 2 of 8
Type (Add-on Acquisition) 3 of 39
Country (United Kingdom) 10 of 70
Year (1997) 3 of 3
Size (of disclosed) 17 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Richmond Events

London, United Kingdom

Richmond Events Ltd. is an exhibitions and events company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Guardian IT

Weybridge, United Kingdom

Guardian IT is a disaster recovery business based in Weybridge

Sell £233M