Amber Taverns, the fast-growing operator of wet-led community pubs, is nearing the 80-site mark with the acquisition of the Angels Bar in Chorley, Lancashire. The pub, Amber’s 79th, has been bought from a private owner and is to re-open next month after a £300,000 investment, chairman Clive Preston told M&C Report. “It’s a great site. It’s right in the middle of a busy circuit,” he said. Preston said the company is “in legals” on one more outlet, which would take Amber to 80 sites. Amber, which is backed by LGV Capital, is to invest around £6m a year over the next three years as it looks to expand its estate pass the 100 mark after securing a new funding package worth £5m; £4m of the funding was a revolving credit facility from Lloyds Bank Corporate Markets Merseyside, plus £1m in loan notes from LGV. Meanwhile, Preston said Amber’s like-for-like sales are currently “slightly up” on this time last year.