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Gala Bingo

31 December 2015

Liberty Corporate Finance is pleased to announce the completion of the £241m Caledonia backed management buyout of Gala Bingo, the UK market leading retail bingo operator, from Gala Coral Group.

Liberty advised the management team, led by Simon Wykes, CEO, and Alex Wood, CFO.

Gala Bingo generated EBITDA of c. £52.7m for the year to September 2015 and Caledonia’s longer term partnership model will help Gala Bingo continue to build its business through investing in the retail estate and the ongoing digitalisation of the bingo product.