Press Release (Tuesday the 26th of January 2021)
A newly formed pub investment Group Red Lion Holdings (RLH) has announced today that it has acquired a majority stake in Red Mist Leisure
Red Lion Holdings LLP (RLH) has acquired a majority stake in Red Mist Leisure. Red Mist’s senior management team and all staff will remain with the Company.
RLH has been created as a specialist hospitality investment group that invests in independent boutique pubs and inns, utilising its expertise and shared services to support its investments.
RLH is highly committed to supporting Red Mist’s management team to develop and expand the business, and will make further funds available for future freehold and site acquisition.
David Ramsey commented on behalf of Red Lion: “RLH is delighted to announce its majority investment in Red Mist. We believe there is an excellent opportunity for high quality boutique pub companies to come together under our RLH umbrella to receive necessary support and funds to accelerate growth, and also benefit from economies of scale and back office synergies, pooling expertise. We are working hard behind the scenes to support our brands to achieve this with excellent support from our partners. RLH has very strong ambitions of bringing more groups to the Red Lion family, as well as continuing to acquire high quality individual pub assets.”
Jason Myers also commented: “We are delighted with the announcement today that we are bringing Red Mist into the RLH family, and we very much looking forward to working closely with the leadership team. This acquisition was a long time in the making and it will benefit our colleagues, guests and future ambitions greatly. It’s a testimony to the dedication of all parties and stakeholders that we successfully completed the deal in a period of lockdown. We firmly believe that the current market conditions will result in several exciting expansion opportunities, and this new structure and significant investment will put Red Mist (and RLH) in an excellent positon to capitalise on these opportunities.”
Mark Robson, Founder and Managing Director of Red Mist Leisure states; “The investment announced today by Red Lion Holdings to acquire a majority share in our business is an exciting and very positive development for our company, our teams and our customers. 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. We are very excited to get the next chapter of our journey underway working as part of a larger, more experienced Red Lion family in the years ahead.’