PwC, Administrator to The Game Group plc, ("GAME" or "the Company") and OpCapita LLP ("OpCapita"), the private investment firm specialising in operational turnarounds in the retail, consumer and leisure sectors, are pleased to announce that they have reached agreement on the sale of GAME's UK assets to Baker Acquisitions Limited ("Baker Acquisitions" or "Baker"), an entity advised by OpCapita.
Under the terms of the transaction, Baker Acquisitions will acquire the UK business out of administration and will provide it with the capital it needs to trade on a normalised basis. Baker will acquire all 333 UK stores that have remained open during the period of administration.
02/04/2012 13:57 by Buildington
Game retail chain went into administration on Monday, ending 20 years of business. 277 of the 600 UK and Ireland stores were closed by administrator PwC. Read more: http://www.guardian.co.uk/technology/gamesblog/2012/mar/27/games-retailing-game-demise?newsfeed=true
27/03/2012 16:37 by Buildington