‘No rush’ to sell Bravo Inns, insists MD

By M&C Report

- Last updated on GMT

Related tags: Bravo inns, Lancashire, Cumbria

Private-equity firm Albion Ventures is in “no rush” to sell Bravo Inns, the Cheshire-based pub company’s managing director Ken Buckley has told M&C Report.

The 32-strong Bravo, which specialises in buying freehold, mainly wet-led community locals and reviving them by investing heavily, is currently waiting to complete on two sites.

One of the outlets, which is based in Accrington, Lancashire, combines a traditional Bravo Inns offer with a separate feeder bar for a nearby nightclub.

There had been speculation that a buyer was being sought for the company. Asked if Albion Ventures was currently looking for an exit, Buckley said: “Not really. Like any venture capital-backed business, we are permanently for sale if the right offer comes in.

“There’s no rush and we’re not under any pressure either. They have been very supportive.”

Buckley hopes to acquire another pub by the end of the year — in addition to the two in legals. The other site is in Maryport, Cumbria. Group acquisitions would also be considered “at the right price”.

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