LGV Capital, the private equity arm of Legal & General, has completed the acquisition of CI Traders’ hospitality arm, comprising 65 Channel Island pubs. The business known as Sandpiper CI will be managed under the newly-created Liberation Group to be headed by Mark Crowther, the former chief executive of London Town. Crowther said: “The creation of The Liberation Group will enable this part of the hospitality sector to move forward as a unified group under the leadership of an experienced team of directors who have a proven industry track record both in and outside the islands. “We have come into this to invest, with the primary aim of growing the business in the mid- to long-term. “We expect some of the managed pubs to move to tenancies, with some of our existing tenancies moving to longer agreements. Our objective is to build stability, confidence and growth.”