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Yates Group

Yates Group, the pub operator, has been acquired by investment vehicle T20 for £202m.

Yates Group, the bar operator, has received a £80m takeover approach from a management buy-out backed by US private equity firm GI Partners.

Yates Group has raised £85m in a loan facility with Royal Bank of Scotland to help fund future growth and the refurbishment of its chain of 154 bars.

Yates Group is looking to expand its Wine Lodge estate from 127 sites to about 200, and expects to open six Yates's bars and a number of HaHa Bars over the next 12 months.

Yates Group is planning to open 12 new bars this year to expand its Ha! Ha! Bar and Canteen chains.