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Macdonald Henderson advises Lethington Leisure on £10.5m Sale to The Brighton Pier Group PLC  - Click for larger version Macdonald Henderson advises Lethington Leisure on £10.5m Sale to The Brighton Pier Group PLC

Macdonald Henderson has advised Lethington Leisure Limited (which owns and operates Paradise Island Adventure Golf), on its sale to The Brighton Pier Group Plc for total consideration of £10.5 million.

Lethington Leisure Limited was established in 2005 by Edward and Joshua Dantzic.

The company opened the UK’s first indoor adventure golf site in 2006 with the launch of Paradise Island Adventure Golf in Glasgow, Scotland and has subsequently opened sites in five other leisure and retail outlets in Livingston, Sheffield, Cheshire Oaks, Derby and Manchester.

Paradise Island offers an accessible, entertaining activity for the whole family at high footfall retail sites around the UK. The business meets the growing demand for experiential leisure and competitive socialising and has experienced consistent strong growth since establishment.

Against the backdrop of increasing demand for novel, experiential offerings as part of the retail experience, Paradise Island has enjoyed strong and profitable growth since inception and is the market leading adventure golf operator in the UK.

Joshua Dantzic will continue as managing director after the sale and Edward Dantzic will be appointed as an independent non-executive director of Lethington Leisure.

The Brighton Pier Group’s acquisition of Lethington Leisure is consistent with its strategy of developing its portfolio of experiential leisure and entertainment assets in the UK.

The Brighton Pier Group owns and trades Brighton Palace Pier together with 14 (2015: 19) premium bars in major towns and cities across the UK.

Edward Dantzic, Chairman of Lethington Leisure, commented:

"Macdonald Henderson provided high quality legal advice and transactional expertise and support during the sale process and we were very pleased with the outcome. We look forward to working with the Brighton Pier Group to capitalise on the great potential of Paradise Island."

The acquisition will complete on or around 8 December 2017.

Macdonald Henderson wish to congratulate Eddie, Josh and the shareholders of Lethington Leisure on the successful sale of the company and wish the business every success in this new chapter of its development.

(Advisor note: Lethington Leisure was advised by Macdonald Henderson (lead legal advisors) LBG Corporate Finance, Winckworth Sherwood (English property) and Martin Aitken & Co (accountancy and tax).

Last updated: 10.46am, Tuesday 5th December 2017

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