Oaktree backs Rooney Anand’s £500m swoop on Britain’s pubs
Former Greene King chief s new venture aims to capitalise on pent-up demand from drinkers when Covid restrictions are eased
Former Greene King chief executive Rooney Anand
One of the world’s biggest investment firms is backing former Greene King boss Rooney Anand’s £500m swoop on Britain s beleaguered pub sector.
Los Angeles-based Oaktree, famed for founder Howard Marks’ monthly investment memos with a near-$150bn (£110bn) portfolio, is providing the financial firepower behind RedCat Pub Company,
The Telegraph can reveal.
The pub sector ranks among the hardest hit by coronavirus with rolling lockdowns taking operators to the brink of collapse.
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