The London-listed pubs group Young’s has agreed a £30m deal to snap up a portfolio of some of the capital’s most prominent drinking holes.

MEZIESBLOG understands that Young’s will announce as soon as Wednesday morning that it is buying Cubitt House, a collection of eight pubs in central London, from the private equity investors behind Stonegate Group, Britain’s biggest pubs operator.

An industry source said the deal was likely to cost in the region of £30m, and be funded from Young’s existing cash resources.

Cubitt House comprises well-known venues including The Thomas Cubitt, which is named after London’s famous master-builder, The Orange, The Alfred Tennyson, and The Grazing Goat.

Its other sites are The Barley Mow, The Builders Arms, The Coach Makers Arms and The Princess Royal, with its eight sites situated in Belgravia, Chelsea, Marylebone, Mayfair and Notting Hill.

This week’s deal will come more than a decade after Young’s and rival Fuller’s lost out in a battle to buy Cubitt House when the group was last up for sale.

Young’s is in the process of moving its shares from the junior AIM exchange to the main London market as it attempts to target a broader investor base.

The company has expanded through acquisitions in recent years, most notably with the purchase of The City Pub Group in 2024, which added just over 50 pubs.

Founded in 1831, it now comprises more than 275 sites across London and the south-east.

Young’s has been contacted for comment.