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November 21, 2024
PI Global Investments
Private Equity

Pantibar stake sale attracts a bevy of private equity buyers


Panti was the grand marshal of London’s St Patrick’s Day parade back in March

Panti was the grand marshal of London’s St Patrick’s Day parade back in March

DYLAN MADDEN/RTE

As domestic and international private equity funds stalk the pub trade looking for well-priced purchases, I’m told that there might be a deal in the offing for one of the most colourful joints in town.

The rainbow-coloured Pantibar on Capel Street, Dublin, is owned by Rory O’Neill, better known as the supremely magnificent performer and drag queen Panti.

Jay Bourke had previously been a shareholder but O’Neill has owned all the shares since 2021, according to company filings. I believe that a new minority shareholder may be looking to come in.

The UK-based fund Attestor Capital spent about €34 million last year to buy the TP Smith portfolio made up of the Auld Dubliner, the Norseman, TP Smiths, Laguna and the 44.

Pantibar has been “serving the LGBTI community since 2007”, according to its Instagram page

Pantibar has been “serving the LGBTI community since 2007”, according to its Instagram page

ALAMY

Attestor previously dropped



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