Cerberus Capital Management, L.P. acquired Admiral Taverns Ltd for approximately £200 million from Lloyds Banking Group plc (LSE:LLOY) on January 14, 2013. PWC acted as a financial advisor to Lloyds Banking Group plc and Admiral Taverns. Sapient Corporate Finance acted as a financial advisor to Cerberus.

Cerberus Capital Management, L.P. completed the acquisition of Admiral Taverns Ltd from Lloyds Banking Group plc (LSE:LLOY) on January 14, 2013.