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.