The flotation of Capital Pub Company is back on track after it appointed two new financial advisers. Daily Telegraph
Capital has appointed Grant Thornton to be its adviser and boutique advisory house Fairfax to be its broker. They are believed to be working towards a float on AIM before the summer holidays.
Capital owns 19 pubs in London, all of which are food-focused, and had been expected to raise between £10m and £20m on admission. But in the past two months Capital has completed a £10m sale and leaseback of its flagship Hog in the Pond pub, opposite London’s Bond Street Tube station.
The money raised combined with existing funds and an existing banking facility means Capital, led by David Bruce, who founded the Firkin chain of pubs, is thought to have more than enough money to continue with its expansion plans.