CMS is advising the UK’s largest ten-pin bowling operator on its proposed flotation on the London Stock Exchange

CMS is advising Hollywood Bowl Group plc (“Hollywood Bowl”), the UK’s largest ten-pin bowling operator, on its proposed initial public offering of shares and intended admission to the premium segment of the Official List and to trading on the London Stock Exchange's Main Market (the “IPO”). The IPO, which was announced today, is expected to be completed in July 2016.

Hollywood Bowl is the UK’s largest ten-pin bowling operator and specialises in operating a portfolio of 54 high quality bowling centres in the UK under the ‘Hollywood Bowl’, ‘AMF’ and ‘Bowlplex’ brands, with each centre offering bowling, on-site dining, licensed bars, and state-of-the-art family games arcades. The IPO is intended to offer greater flexibility to Hollywood Bowl to capitalise on growth opportunities and generate long term value for shareholders.

The CMS team is being led by corporate and equity capital markets partner, James Parkes, with support from a cross-practice team including corporate partner Martin Treagus and corporate associates Henry Wood, Electra Sorba and Carmen Mander. Mayer Brown is advising Investec, who are acting as sole sponsor, broker and bookrunner to the IPO.