Bavarian Village Merger (largest/oldest operator within Winter Wonderland in Hyde Park)

Numbers:

• 2 Million visitors in 44 days
• 12m GBP turnover / 3m Ebitda
• 7 years left on lease
• Favorable 0/20/28% percent commissions based on location.
• 5 Large tents (6000pax) with kitchens & bars
• 35 fully equipped food and bar chalets
• Largest mobile 8k screen in the UK with 180m 2
• Total of 200 containers full of equipment
• Value of the equipment 15m GBP (subject to detailed valuation)
• Company has no debt

Upsides:

• Utilization of the equipment during the year on Events (World Cup Screenings, Summer Festivals, Oktoberfest's)
• Synergies between the event activities and our all-year fixed location business
• Double the turnover with the existing equipment from 12m to 24m GBP

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