Christie Group PLC Christie & Co brokers acquisition of hotel and pub
November 03 2016 - 3:01AM
RNS Non-Regulatory
TIDMCTG
Christie Group PLC
03 November 2016
3 November 2016
Christie Group plc
("Christie Group" or the "Company")
Christie & Co brokers acquisition of hotel and pub group
Christie Group plc (CTG.L), the leading provider of Professional
Business Services and Stock & Inventory Systems & Services
to the leisure, retail and care markets, is pleased to announce
that Christie & Co, its specialist provider of agency and
advisory services, has successfully brokered the acquisition of the
Chapman Group by Dominion Hospitality.
Dominion Hospitality is an affiliate of Stellex Capital
Management, a private equity group that invests in middle market
companies in North America and Europe. The acquisition is focused
on providing growth capital and resources to expand Dominion's
presence in the U.K.
The portfolio of 28 hotels and pubs in the south of England is
being purchased from Chris and Delia Chapman who have built a
strong business and have worked closely with Stellex for some time
over the terms of the transaction.
Stellex is partnering with two industry veterans to assist with
its plans: Ted Kennedy, who owns Pebble Hotels and was previously
an MD in Whitbread's managed pub division, and Billy Buchanan,
chief executive of LT Management Services.
Neil Morgan, Managing Director, Pubs & Restaurants at
Christie & Co commented, "Since entering the pub trade in 1977,
the Chapman family has continually sought to acquire sites which
have been neglected and are then redeveloped to create presentable
and profitable businesses.
"Over the last 15 years, we have been advising and working with
the Chapman Group to create an estate that was previously highly
focused on wet-led outlets, some with late licences, has been
shifted to create a more balanced portfolio with letting
accommodation becoming a major factor. Since 2001 all new
acquisitions have had hotel bedrooms and facilities have also been
added to those where space permitted."
Enquiries:
Christie Group plc
Neil Morgan 020 7227 0778
Managing Director, Pubs & Restaurants, Christie
& Co
David Rugg 020 7227 0707
Chief Executive
Dan Prickett 020 7227 0700
Chief Financial Officer
Panmure Gordon (UK) Limited:
Dominic Morley / Charles Leigh-Pemberton 020 7886 2906
Nominated Adviser & Broker
Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional
business services group with 46 offices across the UK, Europe and
Canada, catering to its specialist markets in the leisure, retail
and care sectors.
Christie Group operates in two complementary business divisions:
Professional Business Services (PBS) and Stock & Inventory
Systems & Services (SISS). These divisions trade under the
brand names: PBS - Christie & Co, Pinders, Christie Finance and
Christie Insurance: SISS - Orridge, Venners and Vennersys.
Tracing its origins back to 1846, the Group has a long
established reputation for offering essential services to client
companies in agency, valuation services, investment, consultancy,
project management, multi-functional trading systems and online
ticketing services, stock audit and inventory management. The
diversity of these services provides a natural balance to the
Group's core agency business.
For more information, please go to www.christiegroup.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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