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Caledonia completes Gala Bingo acquisition

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

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