We recently advised the amusement arcades provider Praesepe on its acquisition of 25 new gaming centres
“This deal showcases EMW’s expertise and ability to lead highly complex M&A work under a tight deadline. To have the deal completed in just six weeks highlights the hard work put in by the team here at EMW and emphasises the quick turnaround we offer our clients. Praesepe is a fast growing business with great potential and the sites acquired from William Clark will help maximise their presence in the UK. It’s fantastic to see a fellow Milton Keynes business experiencing such great success and expanding throughout the UK. The deal solidifies Praesepe’s presence at the forefront of the industry as well as emphasising the popularity and continued confidence in the UK’s gaming industry.”
We recently advised the amusement arcades provider Praesepe on its acquisition of 25 new gaming centres (AGCs) from William Clark owner of the family amusement business, Teddy Clark Amusement. The deal was turned around in just six weeks for the Milton Keynes based Praesepe, which involved both the acquisition of 25 new locations as well as a restructure prior to completion.
We have advised Praesepe, part of German gaming and gambling company Gauselmann Group, for over 10 years. This deal will increase Praesepe’s already large portfolio of over 185 trading venues, which include ACGs, Bingo Clubs and Family Entertainment Centres. The deal will also help Praesepe to expand in the North of England as the AGCs acquired from William Clark are predominantly located in East Yorkshire.
If you would like to find out more about this deal, please get in touch with Nick Lloyd.