A bingo operator backed by UK private equity investor
Alchemy acquired Buckingham Bingo in a £101m (US$200m) buyout in December 2005 and has equity topping £60m vested in the business. In the financial year to April 2007, the company generated profits of £3.5m on sales of £37m.
Gala Coral, the UK’s largest bingo hall operator, is also in the hands of private equity groups – Candover, Cinven and Permira.