Financial Times FT.com

Rileys enters administration

By Roger Blitz, Leisure Industries Correspondent

Published: March 25 2009 23:06 | Last updated: March 25 2009 23:06

Rileys, the snooker and pool clubs business, was placed into pre-pack administration by its private equity owners, resulting in the closure of 30 of its 159 sites and the loss of 200 jobs.

Crucible Acquisitions, a consortium of Greenhill Capital Partners Europe and North Atlantic Value, bought Rileys from Georgica two years ago for £34.1m.

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