Leading arcade game hire business Corporate Amusement Services has welcomed a new step in its growth, with the completion of a management buyout (MBO) supported by Thrings.
Acting for senior executives Mikael Brown and Aaron Gilbey, Thrings’ Corporate team oversaw all legal aspects of the deal that saw them take full ownership of the Berkshire-based arcade amusements business and its subsidiary High Score Arcades.
As one of the country’s leading amusement rental businesses for more than 30 years, Corporate Amusement Services provides its clients with access to Europe’s largest selection of amusement games for hire for a variety of corporate uses. Meanwhile, High Score Arcades’ eight locations across the UK making it the country’s top free-play arcades owner.
The buyout of the business from Corporate Amusement Services’ founders gives the pair full ownership of the business as they continue to guide it towards future growth.
Heading up the transaction was Corporate Partner Simon Hore, with support from Senior Associate Conor Melvin and Solicitor Shana McBean.
Also guiding the transaction were Chalkhill Blue, who brokered the deal, led by Managing Director Chris Spratling, and Allica Bank who provided funding support.
Mikael Brown, Joint Managing Director of Corporate Amusement Services, said: “This deal represents the next step in Corporate Amusement’s three-decade journey, and we are excited by the potential for growth over the coming years.
“This management buyout gives us a strong platform to build on our success to date, invest in our offering and continue delivering exceptional experiences for our clients.
“We are grateful to Simon and the team at Thrings, for their guidance, commercial insight and support throughout the process. This has helped us establish a strong platform to build on our success to date, invest in our offering and continue delivering exception experiences for our clients.
Simon Hore added: “We are pleased to have supported Mikael and Aaron on the successful completion of this buyout. It has been a privilege to work alongside such an ambitious and forward-thinking team, and we are confident the business is well positioned for its next phase of growth. We wish them every success for the future.”
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