Amber Taverns, which specialises in acquiring and reviving pubs that are closed or failing, has changed hands in an £80m management buyout deal.
The fast-growing group has been sold by Legal & General Capital to a management buyout team backed by BlueBay Asset Management and MxP Partners, an investment firm.
Amber Taverns currently operates 95 wet-led mainly community pubs, although there are some city centre sites, across the North-west and North-east of England.