 |
|
Aldgate Capital in £25m buy
Aldgate Capital Plc is set to embark on its bullish strategy of acquiring in the low stake-high volume gaming market in the
The purchase constitutes a reverse takeover under AIM rules and as a result Aldgate will be renamed Praesepe Plc.
The sum is to comprise £22 million cash and £3 million of shares, Aldgate is set to raise £16.7 million with an AIM placing of 22 million shares at 22p. The remainder of the sum will be settled with existing cash resources and a new debt facility of some £3.8 million.
The acquisition adds 31 adult gaming centres in the
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- ESI Group’s US software deal Dec 01 2008
- Adecco takes controlling stake in DNC Dec 01 2008
- Cardiff to establish venture fund Nov 28 2008
- Kay Technologies receives £1.8m windfall Nov 28 2008
- Dolphin buys Software Express Nov 27 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Ultra Electronics gains MidEast foothold Dec 01 2008
- Commoditrade takes control of AMCO Dec 01 2008
- Moto picks up Roadchef site Nov 28 2008
- Accessories 4 Technology's £4m boost Nov 28 2008
- NCC secures Next Generation acquisition Nov 27 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February