Private Equity
Palatine Private Equity has exited Playnation, a leading UK supplier of amusement and entertainment machines, selling its stake to the NOVOMATIC Group, one of the largest integrated conglomerates of the international gaming industry. The Runcorn-based business, which currently employs over 700 staff, owns and operates 20,000 amusement and entertainment machines across over 1,700 sites in the UK. The firm partners with high profile names in the leisure sector across holiday parks, motorway services, bowling centres and airports, with clients including Bourne Leisure, Park Resorts, Parkdean, Moto, Welcome Break and Roadchef. The company was established in 2013, following a management buyout...