Spirit Group

In November 2003, CVC Funds formed a consortium to acquire simultaneously Scottish and Newcastle Plcs Retail (SNR) and Spirit Group Ltd.. SNR operated 1,408 pub-restaurants, bars and the Premier Lodge budget hotel chain. Spirit Group was a managed pub operator with over 2,000 outlets in the UK, ranging from community locals and family food diners to bars and restaurant-pubs.

The combined group formed one of the largest managed pub businesses in the UK. In December 2005, the consortium completed the sale of Spirit Group to Punch Taverns Plc.

Year of investment



Operator of managed pubs