Acquisition of Reflex Gaming by Dransfields
Argyll acted as lead financial advisor to Dransfield Novelty Company Ltd on the acquisition of its largest supplier, Reflex Gaming Ltd.
Dransfields
leading supplier of digital and analogue gaming machines to the UK pubs and clubs market
manages over 14,000 machines across 5,000 sites for its client base
Reflex
specialist in the design and production of gaming machines
develops games in-house for its range of digital and analogue gaming machines, as well as for the online and mobile markets
Deal highlights
transaction creates vertically integrated proposition, from manufacturing to operations
enlarged group generates sales of £32 million and EBITDA of £10 million
Chris Haley, Managing Director of Dransfields, commented:
“We are delighted with the acquisition of Reflex, which will enable the Group to deliver a full service offer to its clients. Argyll were instrumental in structuring and delivering the deal in a timely manner. Their experience of the leisure and consumer sectors was extremely valuable.”