Posts Tagged ‘bingo operations’

Private Equity Firms, Loans and Carlton Bingo Convolutions

Thursday, May 29th, 2008

When Carlton Bingo was seeking to fund rapid growth, like all of they had to approach their bankers. Carlton bingo operates out of North-east England and Scotland an in 1997 they were bought out by their management. The management team was backed by Dunedin, a private equity firm and the Bank of Scotland. Five years later management bought out the equity interest in the bingo group through another loan, this time from the well known Lloyds TSB. (more…)