Harwood Private Equity has achieved an exit from its investment in Essenden plc through an initial public offering of the group’s shares on the London Stock Exchange, resulting in a successful outcome for investors. The business has been renamed Ten Entertainment Group plc.
Ten Entertainment is a leading operator of indoor bowling and family entertainment centres in the UK, operating under the Tenpin brand.
Harwood Private Equity acquired the company in 2015 and since then has backed further site acquisitions and organic operational initiatives driving significant sales and profit growth.