Densitron Gaming Ltd has undergone a successful management buyout as of January 31, 2007. The result is a company focused on the gaming industry with its leading edge computer boards and associated software. Densitron Gaming will continue to be run by the same management with all the staff and office locations remaining in place to continue to service the needs of its rapidly expanding customer base. Densitron Gaming has now improved its financial footing to continue its successful growth and allow for greater business expansion.
The financial backing is now with a successful and growing UK venture capital firm, Northern Enterprise Limited (NEL). “The MBO of Densitron Gaming by its management demonstrates our long-term commitment to servicing the needs of our customers. NEL is a well established UK venture capital firm having operated as a professional investor for 15 years. They currently have over £79m under management and have significant experience in investing in unquoted UK businesses. Their investors include amongst others, pension funds, Barclays Bank plc, HSBC Bank, 3i and Northern Rock,” said Edward Price Managing Director. “To be regulated and authorised by the FSA. NEL has to be able to demonstrate long-term financial stability and employ sufficient numbers of qualified and experienced investment professionals. The Funds managed by NEL – used to fund the current management buy out - have significant follow-on capacity and NEL anticipates raising further funds over the next 18 months which could also be used to support a business such as Densitron. We are pleased to be able to secure a stable financial footing for Densitron Gaming from which they should be able to develop an exciting future,” said an NEL spokesperson.
Will you be visiting the InterGame Expo?
- 30 September - 02 October, 2008
BEGE 2008 - Bulgaria
