John Leslie, chief executive of Walkabout operator Intertain, has told M&C Report that approval for the company’s restructuring plans paves the way for a period of acquisition and refurbishment over the next 18 months.
Intertain, the operator of the Walkabout brand, has announced that its creditors have approved restructuring plans that will ensure the long-term future of the business
Intertain, the operator of the Walkabout brand, is to undergo a restructuring, which will include a Company Voluntary Arrangement (CVA), and has aleady seen a reduction in its debt levels
Jon Moulton, the founder of private equity firm Alchemy Partners, has acquired Intertain, through current turnaround vehicle Better Capital, in a deal thought to be valued at c£15m
Late Night Venue Opinion
Over the last two years Revolution Bars and chief executive Mark McQuater have helped each other restore their reputations. From a failed sales process, the company has dusted itself down and under McQuater impressively re-invented itself leading to a re-engaged consumer and an uplift in sales
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