Jurys raises €70m for expansion

JURYS Inns Group has raised £60 million (€70m) to support the continued growth and expansion of its business and to strengthen its balance sheet.

The group’s existing shareholders, Quinlan Private (QP) and the Oman Investment Fund, took part in the cash call along with its existing bankers.

Under the terms of the deal, completed last week, £30m involves fresh debt with the rest involving an injection of freshequity from the two shareholders, who each have a 50% stake in the group. The chain was bought for €1.1 billion from the family of the late PV Doyle in mid-2007.