Candover Concentrates on Club Sector
Monday, 26 June 2000
Just months after buying the chain from First Leisure, Candover has sold its 14 Brannigans bars, along with six other pubs, for £67 million. The new owner is Mustard Entertainment Restaurants, a recently-established venture backed by investment company Phildrew Ventures. Candover secured the Brannigans bars last November, as part of its £210.5 million acquisition of First Leisure's 40 nightclubs and 25 bars. It intends to keep the remaining bars and has also signalled its intention to expand its portfolio of nightclubs.

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