REG-Castelnau Group Limited: HORNBY AGREES SALE OF SCALEXTRIC

CastelnauAnnouncement

Yesterday 07:02

27 February 2026

Castelnau Group plc

(“Castelnau” or the “Group”)

HORNBY AGREES SALE OF SCALEXTRIC

Castelnau Group Ltd (“Castelnau” or the “Company”), an investment
company established to invest in public and private companies, is pleased to
announce that Hornby Hobbies Limited (“Hornby”), a portfolio company of
the Group, has agreed the sale of 100% of the Scalextric business, including
its intellectual property and associated assets, to Scalextric Motorsports for
a total consideration of £20.0 million. £8.5 million of the total
consideration is payable in cash up front, with the remaining £11.5m deferred
and payable out of free-cash flow.                      Completion of the
sale is conditional upon certain consents, with completion expected to occur
in early March.

Scalextric Motorsports has been established by Mark Brown, President and CEO
of Purbeck Capital Partners, to be the holding company of the Scalextric
business in the future.                      Mark                     
brings extensive experience in brand growth, capital allocation and
operational execution. As part of the transaction, Mark has agreed to an
ongoing role helping Hornby with its wider strategic transformation, the end
goal of which is to have a series of entrepreneurial, profitable brands
operating sustainably and independently, led autonomously from the centre.

The sale represents an important milestone in Scalextric’s growth journey
and crystallises value for Hornby. The proceeds of the sale will be used by
Hornby to pay down debt and invest in its other individual brands.
Scalextric’s operations will continue to be supported within Hornby’s
existing infrastructure. Hornby will manage the Scalextric business as agent,
ensuring operational continuity while enabling Scalextric Motorsports to focus
on accelerating the brand’s next phase of growth.

Richard Brown, CEO of Castelnau, commented:

“Scalextric has made significant progress in recent years, and we are truly
excited for its next phase. Mark has an outstanding track record of building
global brands and has a clear and exciting vision for its future. We look
forward to working closely with him going forward on the wider transformation
at Hornby. This transaction is consistent with Castelnau’s strategic
intention to ensure that our businesses are owned and led by the best owners
to deliver their full potential.”

Olly Raeburn, CEO of Hornby Hobbies, commented:

“This is a hugely exciting development for the Scalextric brand, which
builds on encouraging progress over the last couple of years. Mark's
leadership will bring enormous experience, energy and enthusiasm to the
business and we look forward to supporting the execution of his vision and
strategy. We have enjoyed working with him to get this transaction over the
line and are now focused on converting all of the positive discussions into
reality and growth for Scalextric.”

On behalf of Scalextric Motorsports, Mark Brown commented:

“We are both honoured and thrilled to be acquiring such an iconic British
motorsport brand, which has been bringing family and friends together for
motor racing competition, excitement, and fun at home for nearly 70 years,
spanning four generations.                      As we look to a long-term
future, with Scalextric as a now family-owned company, we are energised by the
opportunity to continue bringing competitive racing fun to families, while
expanding into new areas of motorsport and helping to build physical and
hand-eye coordination skills, particularly at a time when families are trying
to balance time spent online versus real world activities.”           

 

Enquiries

 

 Castelnau Group                                                                                 
 Richard Brown                                                                                   
 info@castelnaugroup.com                                                                         
                                                                                                 
 Phoenix Asset Management Limited                                                                
 +44 (0) 208 600 0100                                                                            
 Gary Channon                                                                                    
 Steve Tatters                                                                                   
 Gina Bocek                                                                                      
 Scalextric Motorsports Ltd   Mark Brown  markbrown@purbeckcapital.com                           
                                                                                                 
 Hornby Hobbies Limited   01843 233 500  Oliver Raeburn, CEO                Holly Barnett, PR    
 Citigate Dewe Rogerson                                                                          
 +44 (0) 20 7638 9571                                                                            
 Jos Bieneman  Thomas Dalton                                                                     
                                                                                                 

 

 

 

 



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