Westbrooke Alternative Asset Management UK Limited (“Westbrooke UK”) is pleased to announce the successful provision of financing to support the acquisition of a portfolio of 95 pub assets in Wales by affiliates of Cerberus Capital Management (“Cerberus”) and Song Capital (“Song”) from SA Brain & Co. The Portfolio is let to Marston’s PLC (“Marston’s”), a listed c. £370m market cap pub operator which focuses on pubs in suburban locations.
James Lightbody of Westbrooke UK commented: “We are really excited to have closed this transaction with Cerberus and Song. They are experienced pub investors, and in this case are buying a high-quality portfolio in South-East Wales let to a strong covenant. We look forward to supporting them as they deliver on their business plan.”
Song’s Dan MacKinnon added: “We are grateful for Westbrooke’s support and look forward to working together as we deliver on our business plan.”