KPMG finds buyer for Valleyhill pubs
KMPG's Jane Moriarty and Blair Nimmo, joint administrative receivers of Valleyhill Ltd, have confirmed the sale of 30 of its pubs to the bar chain, Brannigans Ltd for an undisclosed sum.
Link: KPMG on the look-out for pub-chain buyer
The deal secures the jobs of 546 people at licensed premises across the UK.
Nimmo, joint administrator and KPMG corporate recovery partner said: ‘Following a huge amount of interest in the administration of Valleyhill, we are pleased to bring about a sale of its assets as a going concern and we would like to take this opportunity to thank the staff and suppliers for their support during this difficult period.’
Moriarty and Nimmo were appointed joint administrative receivers to Valleyhill Ltd, Valleyhill Bars Ltd and Valleyhill Pubs Ltd on 7 May 2004.