Eyes down as Milsted Langdon helps launch bingo business
Corporate finance work for Milsted Langdon sees eight figure deal to set up Majestic Bingo
MILSTED LANGDON has helped advise on the successful launch of Majestic Bingo.
The south-west firm’s corporate finance and business intelligence teams a range of services, including valuation, negotiation and modelling, as Majestic Bingo was formed off the back of two acquisitions, totalling a portfolio of 14 clubs for an eight-figure sum.
Majestic Bingo managing director Mark Jepp said: “This is an exciting new opportunity for me to bring my years of industry experience and offer a fresh approach to a highly popular leisure activity which has suffered in recent years from under-investment in the overall customer experience. Milsted Langdon provided tremendous support throughout the transaction in a clear and friendly, but highly professional way.”
Susannah Adams, corporate finance partner at Milsted Langdon, said: “This was a challenging transaction, but very enjoyable. It is a great example of a collaboration of expertise to achieve a highly successful outcome.”