Announced
Completed
Financials
Tags
Single Bidder
Acquisition
Friendly
Private Equity
Domestic
Private
Minority
Completed
Recreational Services
bingo clubs
United Kingdom
Synopsis
Intermediate Capital Group, a global alternative asset manager, completed the acquisition of Buzz Bingo, a chain of bingo clubs, from Caledonia Investments, a self-managed investment trust. Financial terms were not disclosed. Buzz was refinanced in the summer of 2020 as part of a company voluntary arrangement, in which Caledonia invested £22m. However, the third national lockdown has resulted in a further requirement for new capital.
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