Red Mist pubs receives investor backing
The investment will support the chain’s portfolio expansion
Red Lion Holdings (RLH), a joint venture comprising industry investors David Ramsey, John Mayers, and private equity firm, Revcap, has acquired a majority stake in the pub company Red Mist Leisure.
Established in 2004, Red Mist now operates a portfolio of ten gastropubs and inns across Surrey and Hampshire.
The group brought its portfolio to market in an effort to gain an investment deal that will accelerate the expansion of its current estate.
Mark Robson, managing director at Red Mist, recognised that the investment is an “exciting and positive development” for the firm as it looks to extend its current operations.
He said: “I am so proud of what Red Mist has achieved since we started in 2004 and this new equity injection provides us with the capital to expand our business in the future.”
The deal will provide Red Mist with access to a larger, more experienced team as it looks to offer its “authentic and genuine” pub experience further afield.
Jason Myers, principal at RLH, said: “It’s a testimony to the dedication of all parties and stakeholders that we successfully completed this exciting deal during this period.
“This new structure and significant investment will put Red Mist (and RLH) in an excellent position to capitalise on these opportunities.”
