A pubs group based by the ex-boss of Greene King is in superior talks to purchase a swathe of websites from his former employer in a £90m deal.
Sources mentioned a deal might be struck inside days.
RedCat, which is backed by the US investor Oaktree Capital Administration, has had a blended monitor report because it was based in 2021.
The corporate trades from roughly 100 websites, a couple of third of which function underneath a subsidiary known as The Teaching Inn Group.
The unit has about 1,400 bedrooms, making it the fourth-largest pubs-with-rooms operator within the UK.
One supply mentioned the cope with Greene King would double the dimensions of that division by variety of websites.
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A small a part of RedCat’s operations fell into administration final 12 months, since when a refinancing backed by Barclays has given the corporate vital monetary respiratory house.
Mr Anand stepped down as Greene King’s chief government in 2019.
His newest deal comes amid dire warnings from hospitality chiefs in regards to the prospects for the sector, amid swingeing tax hikes and jittery shopper confidence.
Greene King declined to remark, whereas RedCat has been contacted for remark.
