Hollywood Bowl Group owner revisits £280m floatation


The private equity firm that owns Hollywood Bowl Group, Electra, is revisiting plans to float the company on the stock market.

The country’s largest 10-pin bowling operator, which has 54 outlets across the country, was going to be floated earlier in the year but, due to Brexit uncertainty, the move was postponed.

Electra and investment bankers at Investec are still targeting a market valuation of about £280m for the group.

Electra acquired the company in 2014, when it was called The Original Bowling Company, and last year combined it with smaller rival Bowlplex.

In the 12 months to September 2015, the group generated pre-tax profits of £20.6m on revenues of £86m.