Stonegate buys remaining 25% share of Hippo Inns

By Nikkie Thatcher contact

- Last updated on GMT

Deal information: Following the acquisition, Stonegate will hold the entire issued share capital of Hippo Inns.(image: Getty/Simon Carter Peter Crowther)
Deal information: Following the acquisition, Stonegate will hold the entire issued share capital of Hippo Inns.(image: Getty/Simon Carter Peter Crowther)

Related tags: Stonegate, Managed pubs, Pubco + head office, Finance

Large pub company Stonegate has acquired 25% of the issued share capital in Hippo Inns from Rupert Clevely and Ian Edward for an undisclosed sum.

Hippo Inns was formed by Rupert Clevely in 2015 and is one of the managed expert joint venture partnerships within the enlarged Stonegate Group.

Since it started, Hippo Inns, which has sites across London, has won multiple awards and industry accreditations including winning Best Food Offer at last year’s Publican Awards and is a finalist in this year’s.

Following the acquisition, Stonegate will hold the entire issued share capital of Hippo Inns.

Brilliant business

Hippo Inns sites:

The Royal Oak, Twickenham

The Eagle, Ladbroke Grove

The Signal, Forest Hill

The George, Isle of Dogs

The Duke of Sussex, Waterloo

The Lillie Langtry, West Brompton

The Black Horse, Kingston

The Islington Town House, Islington

The Grafton, Kentish Town

The Blue Anchor, Hammersmith

The White Haus, Farringdon

The Builders Arms. Chelsea

Stonegate chief executive Simon Longbottom said: “Rupert and team have built a brilliant business we know well and one that shares many of our values in being integral to the neighbourhoods and communities its pubs serve, with outstanding food, drink and hospitality.

“I would like to take this opportunity to welcome the team to the wider Stonegate Group and am delighted Rupert has agreed to stay on in a consultancy capacity.

“We look forward to leveraging the expertise and entrepreneurial flair our new colleagues will bring to the benefit of the enlarged group."

Right time

Clevely who will remain as a consultant to the group for two years, highlighted how he had hugely enjoyed growing Hippo over the past seven years and was very proud of the business that has been created.

He added: “I now feel the time is right to hand over the reins and Stonegate Group has the requisite skills and scale to take the business to the next level.

“I have every confidence both the pubs and my trusted team will flourish under its stewardship and I look forward to seeing them go from strength to strength.”

Related topics: Ei Group

Related news

Show more