Danoptra, a gambling machine and leisure facilities operator, is set for expansion after agreeing an £85 million expansion. As part of the deal the company will relinquish a majority stake to a consortium of investors, led by Swiss bank Credit Suisse.
Danoptra, a gambling machine and leisure facilities operator, is set for expansion after agreeing an £85 million expansion. As part of the deal the company will relinquish a majority stake to a consortium of investors, led by Swiss bank Credit Suisse.
According to the company the £85 million, made up of loan notes, will be channelled into the expansion of the company and to capitalise upon “strategic opportunities”.
The company said it has achieved a significant turnaround in profitability and cash generation across all divisions after posting loses last year of some £20 million.
Danoptra’s chief executive, Derek Lloyd, said: “The refinancing of Danoptra has attracted investment from a group of blue-chip investment institutions.”
