The value of deals in the UK pub, bar, nightclub and restaurant sector tracked by M&C Report in the past year exceeded £8bn. The figure refers to mergers, acquisitions, refinancings and some disposals. It compares to 2005, when the deals tracked was more £6.6bn and the 2004 total of £6.7bn. The 2006 headline figure was boosted by a late flurry of activity - the value of transactions in November and December alone exceeded £2.5bn. The £8bn figure does not include the £2.7bn acquisition of Spirit Group by Punch Taverns, which although was completed in January 2006, was announced in early December 2005. With the Spirit deal the value of transactions is close to £11bn. It is also worth noting that the figure is not definitive and excludes single site deals. To put this into context, last year M&B sold 21 freehold pubs on a largely site-by-site basis, generating £53m. Since acquiring Spirit, Punch has generated something in the order of £75m through the sale of so-called “golden bricks”. Enterprise has conducted a similar exercise. The full table, which includes more than 70 deals, is published in the January issue of M&C Report.