Linklaters, a law firm specializing in advising corporations undergoing major financial maneuvers, is advising Merrill Lynch International, The Royal Bank of Scotland plc and Intermediate Capital Group plc regarding Gala Group Limited's £1.025 billion recapitalization. Gala Group, a UK-based company operating bingo halls as well as land-based and online gaming facilities.

Through recapitalization, Gala Group aims to refinance its mezzanine facilities taken on from a February 2003 tertiary LBO as well as to provide funds necessary to pay a significant dividend to the funds of Candover and Cinven, equity sponsors.

Gala Group is conferring substantial security as part of the procedure for taking security, 300 financial aid declarations were needed to be sworn within a short period of time.