Closing time at Bold Pub Co

Close Ventures has sold Bold Pub Company to Calco Midlands. Close Ventures has invested a total of £6.5m since 2004 into the company to acquire pubs to form the estate.

The investments created an overall IRR in excess of 20% using asset backed investments to create long term value in its portfolio of VCTs. Ken Buckley, Managing Director, Bold Pub Company said: “Close Ventures has built up considerable expertise in the pub industry ensuring they bring much more to the table than capital. Not all VCs can add such value and that has been a significant contributor in the creation and successful sale of the Bold Pub Company.”