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Browne Jacobson represents management team of Gala Bingo

26 October 2015

Browne Jacobson’s corporate finance team have advised the management of Gala Bingo on the £241m acquisition of Gala Bingo Holdings Limited (‘Gala Bingo’) – the UK’s leading bingo operator - 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.

CEO of Gala Bingo Simon Wykes commented:
“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.”

CFO Alex Wood added:
“We are extremely pleased to have secured Caledonia’s funding and support for the next stage of Gala Bingo’s future development.”

Corporate finance partner Mark Hughes also said:
"It is great to see this highly skilled and committed management team continue in the next phase of Gala Bingo’s development.”

Browne Jacobson has one of the largest corporate finance teams in the Midlands and is rated as the ‘premier’ corporate finance law firm in the East Midlands, according to the latest edition of independent legal directory Chambers UK. Partner Gavin Cummings was recently named as one of Legal 500’s ‘Leading individuals’. KPMG (Marc Abrams) provided tax advice to Management.

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