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Announced

Completed

Caledonia completed a $31m investment in Buzz Bingo.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Recreational Services

Domestic

Single Bidder

bingo clubs

Private Equity

United Kingdom

Private

Minority

Acquisition

Friendly

Synopsis

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Caledonia, a self-managed investment trust, completed a $31m investment in Buzz Bingo, a company offering bingo and slots. “Coronavirus has had a significant impact on our business and on the entire leisure and hospitality industry. We have therefore had to make some difficult decisions about how we move forward and ensure that we protect the future of Buzz Bingo," Chris Matthews, Buzz Bingo CEO.

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