Founded in 2019, NQ64 operates a network of arcade bars. The business has grown from its original site in Manchester’s Northern Quarter, to nine retro gaming bars in major locations across the UK and has recently expanded its presence in Manchester with the acquisition of Dogbowl, a New York inspired bowling alley. The new financing from ThinCats will support a share buyback from its current Private Equity investor and the further rollout of new sites across the UK. Management has earmarked five additional sites for 2023 with the fit-out of the first two sites already underway.
BDO provided financial and commercial due diligence on the provision of debt finance to NQ64.