UK-based private equity house Epiris has acquired pub operator Amber Taverns through Epiris Fund III.
Financial details of the deal were not divulged.
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Epiris partner and investment team head Ian Wood stated: “Amber has a firm and clear focus on value and service, with a broad product range served at competitive prices in community settings with a strong entertainment offering.
“This has enabled it to grow consistently, delivering industry-leading financial performance and taking share in the large and resilient pubs market.”
This marks the fifth investment for Epiris Fund III, following acquisitions of Delinian, LoneStar, Pure Cremation and GSF Car Parts.
Among the selling shareholders is Michael George from MxP, a mid-market private equity company. George is also a founding shareholder of Amber Taverns.
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By GlobalDataHis involvement with both entities highlights the interconnected nature of the private equity landscape within the UK’s vibrant pub sector.
Amber Taverns, founded in 2005 by James Baer, has seen consistent growth by offering a wide range of drinks and entertainment options, including live music, karaoke and interactive darts.
It is known for its community-centric, wet-led pubs, and operates 178 freehold establishments across the North of England, the Midlands, Scotland and Wales.
Amber Taverns CEO James Baer said: “We are excited to enter the next growth phase in partnership with Epiris, who invested the time and effort to understand our business and what makes an Amber pub. We are confident that they can support us in our ambitious expansion plans.
“Epiris’ investment further demonstrates that a well-invested pub focused on serving its local community is a resilient and relevant business model, and it is a vote of confidence not just in Amber but in the sector as a whole.”
