Young & Co.'s Brewery, P.L.C. (AIM:YNGA) acquired Redcomb Pubs Ltd by Managing Directors Dan Shotton and Mark Draper for £34 million on January 23, 2019. The consideration is on a cash free and debt free basis. The transaction is funded through existing debt facilities with Barclays and HSBC. The transaction represented a multiple of 8.5 times EBITDA. For year ended June 30, 2018, Redcomb generated turnover of £16.7 million and an EBITDA of £4 million. The team at Redcomb will be retained. James Mitford and Behzad Arbabzadah of J.P. Morgan Cazenove acted as financial advisors for Young & Co.'s Brewery, P.L.C. Young & Co.'s Brewery, P.L.C. (AIM:YNGA) completed the acquisition of Redcomb Pubs Ltd on January 23, 2019.