Hornby Plc (HRN.L), a model railways manufacturing firm, said on Friday that it has acquired a 25 percent stake in Warlord Games Limited., for 1.25 million pounds in cash.
Phoenix UK Fund Limited, Hornby's subordinated lender, has agreed an extension to the term and the amount of its existing secured credit facility to fund the acquisition.
The Facility is being extended from 9 million pounds to 11.25 million pounds and the term extended by 12 months to December 31, 2024.
With this, Hornby has the option to acquire a majority stake in Warlord on or around the second year of this initial acquisition and to buy any remaining shares in the future.
Warlord, a maker of tabletop wargames, miniatures, accessories, and others is primarily operates in the UK.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.