RCS - Castelnau Group Ltd - Castelnau assists Hornby in stake in Warlord Games

CastelnauAnnouncement

10/07/2023 07:00

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RNS Number : 4063F  Castelnau Group Limited  10 July 2023

10 July 2023

 

Castelnau assists portfolio business Hornby in acquiring a 25% stake in
Warlord Games

 

Castelnau Group Limited (CGL) is pleased to note the announcement by Hornby
Hobbies plc, part of the Castelnau portfolio, that it has purchased a 25%
stake in Warlord Games Limited.
https://www.londonstockexchange.com/news-article/HRN/acquisition-and-extension-of-loan-facility/16032585
(https://www.londonstockexchange.com/news-article/HRN/acquisition-and-extension-of-loan-facility/16032585)

The team at Castelnau has played a material role in this transaction, working
closely with both Hornby and Warlord to bring it to fruition.

Castelnau was very involved in structuring the transaction which provides
Hornby with the option in two years to become the majority shareholder in
Warlord while also giving the founding shareholders a path to a full exit
under a clear, pre-agreed framework should they wish to do so.

The Castelnau team also provided assistance with funding, financial due
diligence and legal support and, from the very early stages of the
transaction, helped ensure a strong relationship and consistent understanding
between Hornby and Warlord.

Graham Shircore, CEO of Castelnau at Phoenix Asset Management, said:

"This is an excellent example of how Castelnau can comprehensively assist both
its portfolio businesses and the owners of businesses who are interested in
becoming part of the wider Group. Applying Castelnau's expertise and resources
across all facets of the transaction has, we hope, been of considerable
benefit all round.

"We hold the Warlord team in the highest regard and are very pleased to
welcome them to the wider Group.  We look forward to continuing to assist
them and Hornby in maximising the significant opportunities we see on both
sides."

Warlord was founded in 2007 by two former Games Workshop employees and is now
one of the world's leading producers of principally historical tabletop
wargames, miniatures and accessories. www.warlordgames.com
(http://www.warlordgames.com) .

 

Castelnau Group

Graham Shircore
info@castelnaugroup.com (mailto:info@castelnaugroup.com)

Citigate Dewe Rogerson

+44 (0) 20 7638 9571

Caroline Merrell/Toby Moore/Natasha Baxter

 

 

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