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Praesepe unveils bid for bingo operator

09 Apr 2010 . BY Pete Hayman

Bingo hall operator Beacon Entertainment is set to be acquired by Praesepe after the gaming group announced that it had secured a conditional agreement.

Praesepe - which currently owns 54 sites across the UK - is set to pay around £5m for a maximum of nearly 67 million for Beacon, as well as assuming £40m worth of existing bank debt.

In October 2009, the AIM-listed group completed its third acquisition in four months with the £6.3m purchase of nine adult gaming centres and four family entertainment centres from Case Concepts.

PricewaterhouseCoopers advised Beacon Entertainment as part of the deal, which is currently under the ownership of a consortium of UK banks.

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PRODUCT NEWS

Praesepe unveils bid for bingo operator

09 Apr 2010 . BY Pete Hayman

Bingo hall operator Beacon Entertainment is set to be acquired by Praesepe after the gaming group announced that it had secured a conditional agreement.

Praesepe - which currently owns 54 sites across the UK - is set to pay around £5m for a maximum of nearly 67 million for Beacon, as well as assuming £40m worth of existing bank debt.

In October 2009, the AIM-listed group completed its third acquisition in four months with the £6.3m purchase of nine adult gaming centres and four family entertainment centres from Case Concepts.

PricewaterhouseCoopers advised Beacon Entertainment as part of the deal, which is currently under the ownership of a consortium of UK banks.

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PRODUCT NEWS

Yon-Ka develops Beard Oil

Yon-Ka has launched its new Beard Oil, to strengthen and soften beard hair without leaving a greasy finish.

Pharmos Natur launches Lunar Skin Ritual using products designed to work at night

Pharmos Natur has launched a Night Elixir and Night Cream to be used in its latest therapy, the Lunar Skin Ritual.

HPO Tech introduces hyperbaric chamber, Oyster

HPO Tech has created a single-seat hyperbaric chamber, called Oyster, with an acrylic domed lid that opens upwards like a shell.

Manduka debuts premium P/ROX hybrid fitness mat

Manduka, a leading manufacturer of premium yoga mats has launched its P/ROX hybrid fitness mat, crafted for athletes and functional fitness practitioners who move between yoga and fitness training.

Rebalance Tech ramps up Impulse rollout

Consumer desire for overall wellbeing is driving demand for Impulse, a multisensory bed by Rebalance Tech, according to distributor Spa Vision.

Nilo Spa Design introduces Marea dry flotation bed

Nilo Spa Design has launched a dry flotation bed called Marea that uses 500 litres of water to support the body evenly in a zero-gravity-like experience.

Esse Skincare upgrades Probiotic Serum with fourth live probiotic species

Microbiome-focused Esse Skincare has upgraded its Probiotic Serum formula with a fourth live probiotic species.

Voya launches Resurge Hair and Scalp Elixir and spa treatments

Organic seaweed spa brand Voya has developed a lightweight scalp serum called Resurge Hair and Scalp Elixir.

Templespa releases brightening Glass Act eye serum

Templespa has developed a memory gel serum called Glass Act that is designed to cool, comfort and revive the delicate skin found around the eyes.

Sweet Bee Organics enters spa market at The Ned London with magnesium-infused treatment

Modern apothecary skincare brand Sweet Bee Organics has entered the spa market with its first treatment at the hotel and members’ club The Ned London, in the UK.

OSKIA unveils Midnight Eye Q cream for nocturnal repair

Nutri-cosmeceutical beauty brand OSKIA has unveiled an eye cream called Midnight Eye Q, which has been designed to regenerate the delicate skin in alignment with the body’s circadian rhythm.

Epicutis launches Hydrobiome Serum and professional-only Massage Oil

Biotechnology-driven skincare company, Epicutis, has launched two new products in its mission to deliver long-term skin health, barrier recovery and microbiome harmony.

+ More products

COMPANY PROFILES

JK Group UK & Ireland Plc

A wholly owned UK and Ireland subsidiary of JK Group in Germany with an established heritage of 30+ [more...]

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Cariitti: Taive basic collection..

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