op Ten Holdings plc (“TTH”), an AIM listed company, and third largest operator of bingo clubs in the UK, has acquired eight bingo clubs and four amusement arcades from The Mason Organisation Limited (“Masons”) for £5.8 million.
This acquisition has increased TTH’s portfolio of bingo clubs to twenty four, which are based throughout England and Wales.
Led by partner Andrew Thomson, HMT acted as lead advisers to TTH including assistance in the fund raising and financial due diligence.
Andrew Thomson commented:
“TTH have an exciting strategy of growth through acquisition and this is the second transaction within the past 12 months where HMT has acted for TTH.”