Our History Timeline
Following the monopolies and mergers review chief executive Ted Tuppen leads the management buy-in of 368 pubs from Bass that marks the birth of Enterprise.
Further acquisitions take the estate to 486 pubs. Strong profit growth enables a successful flotation on the London Stock Exchange in November.
The acquisition of John Labatt (UK) Limited for £62 million. The additional 413 pubs enabled Enterprise to become a national company.
The acquisition of Discovery Inns for £46 million saw a further 277 pubs in areas of the country previously not well represented.
Enterprise buys Mayfair Taverns for £37.4m; the 276 pubs provide greater presence in the North West, East Midlands and South East of England.
Century Inns is acquired for £79.1m, 498 tenanted and managed houses.
217 pubs are acquired from Bass for £69.3m. The estate is now 2,430 strong.
Enterprise buys the Swallow Inns and Restaurants business from Whitbread for £115m.
439 former Whitbread managed pubs are bought from Morgan Grenfell Private Equity for £266.7m.
432 managed pubs are bought from Scottish & Newcastle for £263.6m as part of a joint acquisition with Robert Breare's Noble House Leisure.
Enterprise invests £75m for a 16.8% stake in Newco, a consortium created to buy 3,219 Unique and 940 Voyager pubs for more than £2b from Japanese investment bank Nomura.
Enterprise acquires 1,860 pubs from Laurel Pub Holdings for £875m, taking the estate to 5,300 pubs.
Enterprise buys outright the 4,054-strong Unique Pub Company (previously called Newco) for £609m.
Enterprise sells 239 pubs to Admiral Taverns for £61m to avoid referral of its Unique purchase to the Competition Commission.
Enterprise is now the UK's largest leased and tenanted pub company with 8,700 venues.
Enterprise completes the integration of the Unique Pub Company and sells 41 more pubs to Admiral Taverns for £10.45m.
Enterprise refinances its syndicated debt at more attractive rates, more than doubling its facility from £490m to £1b for a five-year term.
Enterprise sells 769 pubs (one-quarter of which are based in London and the South East of England) to Admiral Taverns for £318.1m. The sale leaves Enterprise with 7,700 pubs.
Enterprise pulls out of Scotland with the £115m sale of its 137-strong Scottish estate to Retail and Licensed Properties, a company owned by Laurel pub owner Robert Tchenguiz's investment vehicle R20.
Following further disposals, the Enterprise estate stands at 5,493 remaining at the end of September.
In February Ted Tuppen stands down as chief executive.
On 6th February Simon Townsend was appointed CEO.
Enterprise launches its new strategy: building a more valuable Enterprise through asset optimisation.
Established four business units, ei publican partnerships, ei commercial properties, ei managed operations and ei managed investments to support the delivery of the Enterprise strategy.
Enterprise launched its Purpose, Vision & Values to support the delivery of the Enterprise strategy.
The Group changed its name and corporate identity to Ei Group plc on 9th February. The change will help bring our vision and values to life, drive our ongoing 5 year strategy and to clearly communicate who we are and what we do.
We are pleased with the progress we have made to date and are now accelerating the execution of the strategic transformation which we believe is the most effective means by which to deliver monetised returns for our shareholders.” Simon Townsend Chief Executive Officer.