{"id":95,"date":"2024-06-14T01:31:22","date_gmt":"2024-06-13T22:31:22","guid":{"rendered":"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/"},"modified":"2024-06-17T13:26:51","modified_gmt":"2024-06-17T10:26:51","slug":"buzz-bingo-secures-new-funding-as-carlyle-exits-investment","status":"publish","type":"post","link":"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/","title":{"rendered":"Buzz Bingo Secures New Funding as Carlyle Exits Investment"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Jx3aOPCLO7g\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Carlyle Group is divesting its interest in Buzz Bingo to Intermediate Capital Group (ICG) at a substantial deficit. <\/p>\n<p>Carlyle&#8217;s decision follows its withdrawal from a recent financing round, opting to liquidate its position. The investment firm originally committed \u00a322 million (approximately $30.6 million) in the summer of 2020 but chose against additional investment after the difficulties presented by the UK&#8217;s third national lockdown.<\/p>\n<p>ICG, an established partner of Buzz Bingo, intervened to furnish \u00a318 million in financing. This capital infusion, along with a \u00a310 million credit facility from Barclays Bank, aims to fortify Buzz Bingo&#8217;s resurgence as it navigates the operational hurdles imposed by the pandemic. The resources will be allocated to support continued investment and the expansion of Buzz Bingo&#8217;s digital footprint.<\/p>\n<p>Buzz Bingo Chief Executive, Chris Matthews, conveyed confidence in the transaction, asserting that it equips the company with the requisite capital to flourish as lockdown measures abate. He acknowledged the obstacles encountered by the enterprise, emphasizing that they had only been operational at full capacity for roughly six weeks since March 2020.<\/p>\n<p>Notwithstanding the challenges faced by its physical venues, Matthews highlighted the expansion of Buzz Bingo&#8217;s online platform, Buzzbingo.com. He observed that the platform, inaugurated just two years prior, has already ascended to a prominent position within the UK market. <\/p>\n<p>The well-known UK bingo hall company, Buzz Bingo, is eagerly anticipating the return of its devoted customers on May 17, 2021.  Following an extended shutdown caused by the global health crisis, each of the 91 venues throughout England is poised to recommence operations. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Carlyle Group is divesting its interest in Buzz Bingo to Intermediate Capital Group (ICG) at a substantial deficit. Carlyle&#8217;s decision follows its withdrawal from a recent financing round, opting to liquidate its position. The investment firm originally committed \u00a322 million (approximately $30.6 million) in the summer of 2020 but chose against additional investment after [&hellip;]<\/p>\n","protected":false},"author":100,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buzz Bingo Acquired by ICG as Carlyle Group Exits Investment<\/title>\n<meta name=\"description\" content=\"Intermediate Capital Group (ICG) takes over Buzz Bingo after Carlyle Group divests its interest following a challenging period for the bingo operator.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buzz Bingo Secures New Funding as Carlyle Exits Investment\" \/>\n<meta property=\"og:description\" content=\"Intermediate Capital Group (ICG) takes over Buzz Bingo after Carlyle Group divests its interest following a challenging period for the bingo operator.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay Ahead of the Game with Our Expert Casino Tips &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T22:31:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:26:51+00:00\" \/>\n<meta name=\"author\" content=\"Violet &quot;Velvet&quot; McIntyre\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Violet &quot;Velvet&quot; McIntyre\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/\",\"url\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/\",\"name\":\"Buzz Bingo Acquired by ICG as Carlyle Group Exits Investment\",\"isPartOf\":{\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-13T22:31:22+00:00\",\"dateModified\":\"2024-06-17T10:26:51+00:00\",\"author\":{\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/#\/schema\/person\/ba3c592a126c14ade4a0d140bad0f1d4\"},\"description\":\"Intermediate Capital Group (ICG) takes over Buzz Bingo after Carlyle Group divests its interest following a challenging period for the bingo operator.\",\"breadcrumb\":{\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/14\/buzz-bingo-secures-new-funding-as-carlyle-exits-investment\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/paydaycasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Buzz Bingo Secures New Funding as Carlyle Exits Investment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/paydaycasinonodepositbonus.icu\/\",\"name\":\"Stay Ahead of the Game with Our Expert Casino Tips &amp; News\",\"description\":\"Unleash your gambling potential with our up-to-date news, comprehensive reviews, and expert articles. 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