• Jarvis to secure Patron

Jarvis Hotels is thought to be in talks with private equity group Patron Capital to inject £50m into the group.

The Times has reported that discussions between Patron and Royal Bank of Scotland’s West Register vehicle could see them put an equal amount into the business through a 50/50 joint venture that would reduce Jarvis’s debt from £130m to around £60m. The restructuring would see HSBC and Bank of Ireland writing off debt, leaving RBS as the sole provider.

Share →