Hermes Private Equity Gives Mayfair Cash Injection

14 April 2008

Hermes Private Equity has injected more than £10 million into UK bingo club operator Mayfair Gaming in order to "shore up its investment," according to The Telegraph.

Mayfair, like many other British gaming operators, is suffering from the smoking ban, the credit crunch and slot machine policy changes.

Hermes acquired Mayfair Gaming two years ago from risk Capital Partners for about £30 million.