Livingstone’s Consumer sector team has successfully completed its seventh deal with Nick Harding, the CEO of Marwyn Gaming, acting as advisers to the Board of Marwyn Management Partners plc on the £76m sale of Marwyn Gaming to Merkur Casino UK (which is part of the Gauselmann Group).
Family-owned Gauselmann Group, which is headquartered in Eastern Westphalia in Germany, is one of the largest companies in the global gaming industry with sales of €1.7 billion (2011). Marwyn Gaming is one of the UK’s leading high street gaming groups, with 159 Adult Gaming Centres (including the iconic Crystal Rooms in Leicester Square), nine Bingo Clubs (including Europe’s biggest bingo club, the Beacon club in Cricklewood), five Family Entertainment Centres and its internet business, Beacon Bingo Online.
“The acquisition of Marwyn Gaming is the largest so far in the history of the Gauselmann Group and will decisively inspire our business success in Great Britain. We are now able to offer our self-developed games and gaming machines as well in over 170 of our own entertainment centres and bingo clubs. This will create excellent synergy effects”, explains Gauselmann Chairman, Paul Gauselmann.
As Nick Harding, who will remain at the company and continue to lead it as CEO commented: “I was delighted to once again have the support and guidance of Simon and the Livingstone team in this transaction. Having worked together on six previous deals, we have built up a close working relationship and their detailed knowledge of our business – and the Gaming sector in general – as well as their ability to think creatively to find solutions on transactions proved invaluable in helping to make this happen.”
Simon Cope-Thompson, Partner, Livingstone London added: “We are delighted to have worked again with the Nick and the team at Marwyn, helping them to sell the business to Gauselmann. We believe that they will be an excellent partner for the business as it grows its business in the UK and overseas.”