Shoosmiths advise Revolution on acquisition of Peach Pubs

Oxfordshire based Peach Pubs has been acquired by the Revolution Bars Group in a £16.5million deal.

The Revolution Bars Group is based in Tameside but operates 69 bars nationwide, that now grows to 90 with this deal.

Bicester's Peach Bar operate leasehold pubs located across the South of England and Midlands.

Shoosmiths advised on a range of property matters as part of the deal, including due diligence, specialist planning advice and property finance support.

Rob Pitcher, CEO of Revolution Bars Group said: ““Peach is a quality business with great pubs offering a premium experience.

“It has rebounded strongly from the dark days of the pandemic. Central to this success has been a strong people focused culture with clear values that are focused on making the right choices for guests and our teams, a very similar approach to that taken at Revolution.

“We welcome the Peach team to Revolution where they can continue their excellent work delighting guests and seek continued personal development in a business with a multi-pronged strategy that has similar values, ambition, and drive for excellence, which Peach has clearly displayed over the last 20 years.”

Read more - Shoosmiths celebrates 30 years on the South Coast

Danielle Davies, chief financial officer at Revolution Bars Group, described Shoosmiths’ expertise as: "A key component to the success of the deal."

Leading the Shoosmiths team was real estate partner Kirsty Chalkley, supported by legal director Simon Dawes, and with specialist input from property litigation principal associate Richard Willcox and planning partner Karen Howard.

Kirsty Chalkley, real estate partner at Shoosmiths, said: “This landmark acquisition is set to bring together two businesses that are at the forefront of their markets, offering a high-quality experience to a diverse demographic of customers. It will see Revolution also expand its real estate footprint – enabling it to tap into markets outside of towns and cities.

“We have a strong partnership with Revolution and are proud to be supporting the business on the next stage of its growth plan. This latest deal demonstrates the pre-eminent expertise of Shoosmiths real estate and the commercial focus our teams bring to complex transactions.”

Read more - Hampshire pub The Chequers undergoes £100,000 refurbishment

Main image - Peach Pubs The Boathouse at Boutlers Lock, credit Peach Pubs