Browne Jacobson’s corporate finance team has advised the management of Gala Coral on the GBP241m acquisition of Gala Bingo Holdings Limited (Gala Bingo) by Caledonia Investments plc (‘Caledonia).
With its Headquarters situated in Nottingham, Gala Bingo manages 130 clubs throughout the UK and holds an impressive 38% market share with over 1.1 million active members.
The Browne Jacobson team comprised of lawyers Mark Hughes, Gavin Cummings, Emma Hinton and Beth Dowson and Gala’s management team was led by Chief Executive Officer Simon Wykes and Chief Finance Officer Alex Wood.
Wykes says: “The Browne Jacobson team has demonstrated once again why they are considered experts in their field, with their experience of working on significant and complex transactions shining through.
“Caledonia’s investment will give Gala Bingo further opportunity to grow its business in the UK retail market.”
Wood adds: “We are extremely pleased to have secured Caledonia’s funding and support for the next stage of Gala Bingo’s future development.”
Hughes says: “It is great to see this highly skilled and committed management team continue in the next phase of Gala Bingo’s development.”
