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NVM pumps further funding into Wear Inns.

NVM pumps further funding into Wear Inns.

“Since starting the business six years ago, we have worked with NVM’s support to build up an estate of great community pubs offering good value and good quality across the North of England.”

John Weir, Managing Director of Wear Inns

In 2006 NVM backed pub entrepreneurs John Weir and John Sands to set up Wear Inns, a company focused on acquiring and managing a chain of community pubs across the North East and Yorkshire. Since inception, NVM has invested £4.2m to allow the team to successfully build up an estate of 15 pubs from chains such as Mitchells and Butler, Punch, TCG Inns and Barracuda Pubs and Bars.

NVM and the Business Growth Fund (BGF) have committed further funding of £10m to provide Wear Inns with the financial flexibility to expand their pub chain through further acquisitions. This will bring NVM’s total investment to £6.2m and BGF will invest £8m for a minority stake in the business.

The Wear Inns’ team has developed a winning formula over the years - transforming dead or dying pubs into quality local premises offering value for money and an entertaining experience for the whole family. Six years later, the company is going from strength to strength and has a clear strategy for its future. We are pleased that we can continue to support the team to build their portfolio of pubs.

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

NVM Portfolio

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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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