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New Deal


Announced

Completed

ICG completed the acquisition of Buzz Bingo from Caledonia Investments.

Financials

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

Tags

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Single Bidder

Acquisition

Friendly

Private Equity

Domestic

Private

Minority

Completed

Recreational Services

bingo clubs

United Kingdom

Synopsis

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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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