Leisure Link, the UK pub entertainment company, is considering offers with a view to a deal.
However, CEO Russell Hoyle says the company, which is 70 per cent owned by Duke Street, is nowhere near a firm decision.
”We are dabbling our toes in the water,” said Hoyle, who would not reveal who the bidders were nor how much a deal might be worth.
Hoyle says Duke Street received a number of unsolicited approaches for Leisure Link after the company launched It Box, a multi-purpose games machine, in mid-January. Duke Street had no comment to make.
“We are inviting expressions of interest,” said Hoyle. “But we’re in no busting rush to sell the business.”
Hoyle said he expected the management to remain in place whatever happens. “We would have an anticipation that the management would be going forward with the business.”
Leisure Link was formed two years ago by a £70m management buy-in from Bass, a UK leisure group. It is estimated to be worth about £250m. SG Hambros is advising the firm.