London – LAWFUEL – The Law Firm Newswire – DLA Piper have advised Royal Bank of Scotland on its provision of £175,000,000 debt funding to The GAME Group plc – a high street retailer specialising in PC and video games. The funding was utilised by GAME to refinance its existing debt and to acquire Gamestation from Blockbuster for £74 million. Gamestation is a specialist video game retailing business with 217 outlets across the UK.
After the acquisition, the GAME Group operates more than 1,000 stores across the UK, Europe and Australia and plans to run the Gamestation brand alongside its existing GAME format.
Adrian Low, DLA Piper’s lead banking partner on the deal commented: “This was a particularly interesting transaction for Royal Bank of Scotland as it continues to support GAME’s continuing expansion both in the UK and overseas.”
The DLA Piper team was led by banking partner, Adrian Low, and assisted by Michelle Tarpey in London and Alfredo Barona in Madrid.
Royal Bank of Scotland is an existing client of DLA Piper.
