Investec acted as Sole Broker and Sole Bookrunner to Hollywood Bowl Group plc on its £30.0 million equity raise

Our role

Investec acted as Sole Broker and Sole Bookrunner to Hollywood Bowl Group plc on its £30.0 million equity raise.

 

The Deal

The transaction was executed via a placing of approximately 8% of the Company’s issued share capital.

 

The net proceeds of the placing, will be used to invest in the Group’s new centre opening opportunities, resume its planned revenue generating and cost saving capex programme and to strengthen its balance sheet.

 

About Hollywood Bowl

Hollywood Bowl Group is the UK's largest ten-pin bowling operator, with a high-quality portfolio of 64 centres operating across the UK under the Hollywood Bowl, AMF and Puttstars (mini golf) brands.

 

The Group specialises in operating large, high quality bowling centres, predominantly located in out of town multi-use leisure parks and large retail parks. Hollywood Bowl is listed on the Main Market of the LSE with a market cap of c.£380m.

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