A £350m portfolio of pubs put up for sale by the company formerly known as Enterprise Inns has attracted bids from a string of funds looking to cash in on its lucrative property assets.
Davidson Kempner, Cerberus, NewRiver and Aries Capital are all thought to have tabled second-round bids for the 370 pubs, which are understood to be on the block for between £320m and £350m.
Owner EI Group has hired Rothschild to run the sale of its commercial property portfolio, which is made up of pubs free of ties to breweries and other former pubs converted to restaurants or convenience stores.
