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NVM pumps further funding into Wear Inns.

Wear Inns
acquires part of TCG pub portfolio.

 

 

 

 

 

Wear Inns, an NVM-backed company focused on acquiring and managing a chain of community pubs across the North of England, has purchased 9 pubs from TCG Bars. This will bring Wear Inns’ managed pub estate to a total of 24 premises, with plans to acquire more in the near future. This acquisition comes two months after an injection of £10m of growth capital provided by NVM Private Equity and Business Growth Fund (BGF).

John Weir (Managing Director) and John Sands (Chairman), both long-standing pub entrepreneurs and Wear Inns’ founders, have established a reputation as credible acquirers in the market. They have stuck to their business strategy since the company was formed in 2006, using their extensive experience of the industry to create an estate of unique community pubs. The company has increased its value considerably since inception and we are delighted to continue supporting their acquisition strategy.

Mauro Biagioni
T 0191 244 6025
E mauro.biagioni@nvm.co.uk

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We seek investment opportunities in UK businesses that have the right mix of flair, growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. Typically, we look to invest between £2m and £10m.

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