Private equity giant Fortress has bought Punch Pubs Co, one of the UK’s biggest pub groups. SoftBank-backed Fortress confirmed on Wednesday that it has acquired the 1, 300-pub company in a move understood to be worth roughly £1 billion.It bought Punch, which was founded by industry veterans Hugh Osmond and Roger Myers in 1997, from private equity rival Patron Capital. Patron had purchased Punch in 2016 as part of a deal which saw the group shrink by more than half after selling 1, 900 sites from
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2021-12-15 00:00:00.0