AIM-quoted immersive escape rooms operator Escape Hunt (LON: ESC) is acquiring Boom Battle Bars, which offers competitive socialising activities along with drinks and food. The enlarged group will be renamed XP Factory.
The total cost is £17.38m, with £9.88m in cash and deferred consideration of up to 25 million shares. The shares are subject to an earn-out based on maximum revenues of £10.96m and there being 7 operated and 20 franchise sites in 2022. If these targets are not met, then the n...
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