02/04/2012 by Buildington
PwC, Administrator to The Game Group plc, ("GAME" or "the Company") and OpCapita LLP ("OpCapita"), the private investment firm specialising in operational turnarounds in the retail, consumer and leisure sectors, are pleased to announce that they have reached agreement on the sale of GAME's UK assets to Baker Acquisitions Limited ("Baker Acquisitions" or "Baker"), an entity advised by OpCapita.
Under the terms of the transaction, Baker Acquisitions will acquire the UK business out of administration and will provide it with the capital it needs to trade on a normalised basis. Baker will acquire all 333 UK stores that have remained open during the period of administration.
Source: www.opcapita.com