SHARE

Crazy Bear Group acquired out of administration

The hotel and leisure group operator was acquired out of administration for £6.5m, in a transaction that secures “long-term capital” to fuel the group’s growth plans. Executive Director, Richard Booth, has a 40% stake in the new vehicle.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.