Hollywood Bowl Group plc, the UK's largest ten-pin bowling operator, today announces the successful pricing of its IPO and the placing of 113,283,274 ordinary shares at 160 pence per ordinary share by Investec Bank plc, giving the company a market capitalisation of £240m. It is expected that dealings will commence on 21 September 2016.
The CMS team advising Hollywood Bowl 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.
Hollywood Bowl 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.