Castelnau Group Limited Castelnau assists Hornby in stake in Warlord Games
10 Julho 2023 - 3:00AM
RNS Non-Regulatory
TIDMCGL
Castelnau Group Limited
10 July 2023
10 July 2023
Castelnau assists portfolio business Hornby in acquiring a 25%
stake in Warlord Games
Castelnau Group Limited (CGL) is pleased to note the
announcement by Hornby Hobbies plc, part of the Castelnau
portfolio, that it has purchased a 25% stake in Warlord Games
Limited.
https://www.londonstockexchange.com/news-article/HRN/acquisition-and-extension-of-loan-facility/16032585
The team at Castelnau has played a material role in this
transaction, working closely with both Hornby and Warlord to bring
it to fruition.
Castelnau was very involved in structuring the transaction which
provides Hornby with the option in two years to become the majority
shareholder in Warlord while also giving the founding shareholders
a path to a full exit under a clear, pre-agreed framework should
they wish to do so.
The Castelnau team also provided assistance with funding,
financial due diligence and legal support and, from the very early
stages of the transaction, helped ensure a strong relationship and
consistent understanding between Hornby and Warlord.
Graham Shircore, CEO of Castelnau at Phoenix Asset Management,
said:
"This is an excellent example of how Castelnau can
comprehensively assist both its portfolio businesses and the owners
of businesses who are interested in becoming part of the wider
Group. Applying Castelnau's expertise and resources across all
facets of the transaction has, we hope, been of considerable
benefit all round.
"We hold the Warlord team in the highest regard and are very
pleased to welcome them to the wider Group. We look forward to
continuing to assist them and Hornby in maximising the significant
opportunities we see on both sides."
Warlord was founded in 2007 by two former Games Workshop
employees and is now one of the world's leading producers of
principally historical tabletop wargames, miniatures and
accessories. www.warlordgames.com .
Castelnau Group
Graham Shircore
info@castelnaugroup.com
Citigate Dewe Rogerson
+44 (0) 20 7638 9571
Caroline Merrell/Toby Moore/Natasha Baxter
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END
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