By James Atkinson

A pub group with 19 venues across Australia has declined to comment on market speculation that its private equity owners are looking for a buyer.

Backed by Quadrant Private Equity and Next Capital, Independent Pub Group (IPG) was formed in December 2007 with the intention of building a large format pub group in three to five years.

With the fund having reached the end of that investment time frame, Quadrant and Next are reportedly planning their exit strategy.

But IPG CEO Greg Maitland, who is also a minor shareholder in the group, declined to comment to TheShout.

Quadrant directors George Penklis and Simon Pithers were unavailable.

Now with 19 hotels, IPG's most recent purchase was the Exchange Hotel in Brisbane.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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