RAL hits the jackpot with latest deal

  • abr. 2007

RAL, the group behind the Quicksilver High Street chain of adult
gaming centres, has been acquired by the recently AIM-listed
Talarius plc for £39 million.

RAL is the UK’s largest operator of licensed High Street
adult gaming centres, with 5,500 gaming machines in 129 locations,
together with a fast growing interactive gaming division operating
under the ‘Cyberslotz’ brand.

Simon Cope-Thompson and Alex Sheffield of Livingstone advised
Talarius plc and the management team, assisting in the negotiations
and the fund-raising exercise. This is the third deal that
Livingstone has concluded with the team at RAL, having previously
sold the business to management on behalf of Rank Group plc in 1996
and advised management on the secondary management buy-out of the
business in August 2003, backed by PPM Ventures.

Nick Harding, CEO of RAL, who becomes CEO of Talarius, said:
“I was delighted to have the support and guidance of Simon
and Alex in this transaction. Having worked together on both the
previous deals, we have built up a close working relationship with
the team at Livingstone; coupled with their detailed knowledge of
our sector, this proved invaluable in assisting the Talarius team
in making this happen. I would have no hesitation in recommending
Livingstone to any management team looking for advisors with
commercial savvy, enthusiasm and an ability to get things done
efficiently”.

Benjamin Shaw, Director of Talarius plc and Marwyn Capital
commented: “Building on their deep understanding of the
business Livingstone’s team approach to working with us and the
numerous other parties involved in this deal has been key to the
expedient and effective completion of Talarius’ acquisition
of RAL”.

Simon Cope-Thompson, partner at Livingstone, who led the corporate
finance team advising Talarius, said: “With 60% of the
country’s adult gaming centre market still highly fragmented,
we are looking forward to advising Nick and his team on
further”.

Simon Cope-Thompson, partner
Tel: 020 7484 4706
Email: sct@livingstonepartners.co.uk

Alex Sheffield, director
Tel: 020 7484 4734
Email: asheffield@livingstonepartners.co.uk


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