Mayfair Bingo
Back to Investments
Home
About
Investments Filter
Investments
News
Team
Contact
Home
About
Investments Filter
Investments
News
Team
Contact
Mayfair Bingo
Sector
Leisure
Deal Type
Management buy-in
Investment Date
2004
Exit Date
2006
In 2004 we provided funding to a management buy-in team to acquire Mayfair Bingo, an operator of six Riva Bingo branded bingo halls.
Why we invested:
Scope to make operational improvements through professionalising the existing business
Opportunity to grow through acquisition of individual, family owned bingo halls around the UK
Opportunity to open new sites based on a smaller footprint/smaller town model than the large dominant chains would consider
Outcome
We sold the business in April 2006 realising a return on our investment of 2.3x.
www.rivabingo.com
Next Project
Previous Project