On 26 October 2015, Caledonia Investments announced that it had agreed to acquire Gala Bingo Holdings Limited, the UK’s largest retail bingo operator, from Gala Coral Group, in a transaction which valued the business at £241m. The acquisition was conditional on change of control approval by the Gambling Commission, which has now been granted, and the transaction has now been completed with Caledonia invested £92.3m cash for 98.9% of Gala Bingo’s equity. The balance of the acquisition costs has been funded by a £155m senior debt facility provided by Intermediate Capital Group plc.
Caledonia completes Gala Bingo acqusition : CLDN
