UK - Hermes wagers future for Riva
Riva Gaming Group has undergone a restructuring that will see backer Hermes Private Equity suffer a significant write down against its ТЃ50m investment in the company it created in April 2006. Lenders RBS, Bank of Ireland and Allied Irish Bank have written off by half the business's ТЃ75m debt, including mezzanine from Babson Capital, in exchange for equity.
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