Close Brothers advised Alchemy Partners LLP (“Alchemy”) on the acquisition of Buckingham Bingo Limited (“Buckingham”). Close Brothers originated the transaction for Alchemy.

Buckingham is the north of England’s largest independent bingo club operator with 10 clubs and over 2.5 million attendances per year. The company has steadily expanded and now has a staff of 500 serving 500,000 members across its 10 sites including Old Trafford, Walkden, Didsbury and Middleton.

Buckingham effectively pioneered the modern bingo club, with its success founded on giving best value for money bingo and ancillaries, in the most comfortable premises in the industry. The company continues to enhance customer enjoyment by providing interesting, novel and entertaining events. All Buckingham clubs participate in the National Game where 500 clubs nationwide join together to offer very large prizes.

Commenting on the transaction and Close Brothers’ role, Tony Morgan, Alchemy, said:

“We are delighted that Close Brothers introduced us to this excellent opportunity.”

Mark Barrow, Head of Close Brothers’ Private Equity Coverage, said:

 “We are very pleased that Alchemy has successfully acquired Buckingham and believe it represents an excellent investment into a dynamic and exciting sector.”

For more information please contact Mark Barrow or Alka Bali on +44 20 7655 3100.