Marwyn Management Partners PLC : - Update Re. Praesepe

Marwyn Management Partners Plc - Update Re. Praesepe 

MARWYN MANAGEMENT PARTNERS PLC

Praesepe Strengthens Partnership with Gauselmann AG Subsidiary Blueprint Gaming Limited

LONDON - 26 January 2012. Marwyn Management Partners Plc, the publicly listed acquisition conglomerate, today announces that its wholly owned gaming subsidiary, Praesepe plc, has entered into a new expanded agreement with Blueprint Gaming Ltd, the UK subsidiary of the international Gauselmann Group.

The number of Gauselmann Group machines operated on the Praesepe estate will be significantly increased throughout early 2012 and will include the latest hardware developed and manufactured in Germany. The expansion will strengthen the existing partnership and enable both parties to take advantage of the recent change in regulations governing the Category B3 and Category C Gaming Machines.

Nick Harding, Chief Executive Officer of Praesepe, said: "Our philosophy has always been to work with the manufacturers to develop more exciting products for our customers in the AGCs and Bingo Clubs. In Blueprint we have found a partner that is willing and able to challenge conventional thinking and I am confident that it will be a productive and mutually beneficial relationship."

Richard Wilson, who acts for both Blueprint and the broader Gauselmann group, said: "Praesepe is one of the major success stories in UK low stake gaming. It owns iconic sites such as the Crystal Rooms in Leicester Square and Europe's biggest bingo club, the Beacon club in Cricklewood.  I was encouraged by the level of enthusiasm and strategic thinking at the recent Praesepe Machine Symposium and I am confident that we will be further develop the partnership and bring some exciting new initiatives to the table."

Mark Watts, Executive Director of MMP and Chairman of Praesepe, said: "The MMP and Praesepe Boards have extensive experience of working with partners in the gaming industry. We are delighted to be working alongside such a highly respected and successful organisation as the Gauselmann Group which can bring much more than just great gaming machines to the relationship".

Contact details:

Simon Pincombe Marwyn Investment Management LLP Tel:    [phone]      Email:[e-mail]

John Eisenhammer Quiller Consultants Tel:     [phone] Email:[e-mail]

Notes to Editors:

About Marwyn Management Partners plc

Marwyn Management Partners plc (MMP) is a corporate vehicle launched to pursue acquisition led growth strategies in the public markets. It was listed on the Main Market of the London Stock Exchange in January 2011 by Marwyn, the principal investment and advisory group. MMP acquires controlling and non - controlling interests in public and private companies.

MMP is structured as a conglomerate with three established divisions - Consumer, Industrials and Support Services. Since launch, MMP has established two acquisition vehicles as wholly owned subsidiaries. Silvercloud plc and Marwyn European Transport plc will pursue opportunities in the luxury goods sector and the European transport sector respectively. In September 2011, MMP announced that it had bought the entire issued share capital of Praesepe Plc.

MMP runs acquired businesses alongside experienced operational managers with strong and demonstrable track records of managing and building small and mid-cap businesses.

www.marwynmp.com

About Praesepe

Praesepe plc was formed in 2007 to acquire and develop businesses in the 'Low stake High volume' gaming market in the UK and Europe. It recently completed the £14.5m acquisition of 63 former Agora venues to take its total estate of AGCs to a market leading 160 sites.

Praesepe was launched as a Marwyn acquisition vehicle on the London Alternative Investment Market to consolidate the fragmented low-stake, high-volume ("LSHV") gaming market in the UK and Europe. To date the group has acquired seven businesses for a total of £80m and currently operates 160 adult gaming centres (AGCs) including the Crystal Rooms in London's Leicester Square, 38 Micro Bingo venues, 6 Bingo Clubs including the Beacon at Cricklewood, the largest bingo club in the country, 4 Family Entertainment Centres and an on-line business. 

www.praesepeplc.com

About the Gauselmann group

Headquartered in Germany, Gauselmann is one of the leading companies in the gaming industry with more than 6,000 employees and a business volume of Euro 1.5 billion (2010).

The smiling Merkur sun is the well-known logo of the family-owned group of companies.

About Blueprint Gaming

Blueprint is a leading game developer whose partners include major National and International operators across AGC, Bingo, LBO, VLT and online including Inspired Gaming, William Hill, Rank group, Gala Coral, Ladbrokes, Sky Vegas and Praesepe.