Admiral Taverns
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Admiral Taverns is a pub company in the UK. Founded in 2003 by the Landesberg and Rosenberg families in London. It was acquired in 2017 by US investment fund Proprium Capital Partners.[1]
From 2004 to 2010, the pubco grew with a series of 13 acquisitions which took its total number of venues to over 3,000.[2] In 2014 Admiral acquired 111 pubs from Star Pubs & Bars.[3]
In 2013, US investment firm Cerberus Capital Management acquired Admiral in a £200 million deal from Lloyd's Banking Group, which had been a shareholder since a debt refinancing deal in 2009.[4] In 2017, Magners' producer C&C Group and US investor Proprium Capital Partners acquired Admiral, with C&C investing £37 million.[5] In 2021, C&C offloaded its stake in Admiral to Proprium for £55 million.[6]
In 2017, Admiral bought 29 venues from Star Pubs & Bars in a deal with G1.[7] This was followed by a deal for 150 more Star Pubs venues in 2019, bringing Admiral's total number of pubs to around 950.[8] In November 2019, another 137 pubs were acquired from Marston's for £44.9m, in a deal that helped Marston's reduce its debt.[9]
In 2021, Admiral acquired 650 pubs from Hawthorn for £222.3m, taking the company's total to 1,600 pubs.[10] In May 2024, Admiral announced the purchase of 37 tenanted pubs from Fuller, Smith and Turner for £18.3 million.[11] Later that year, pubs across the Admiral estate received recognition at the 2024 PubAid Community Pub Hero Awards, highlighting their role in local community support.[12]