ABN Amro Capital, the private equity branch of the Dutch bank, has backed the €35m ($32m) leveraged buy-out of Löwen Play, the German arcade game operator, tapping a sector that in the bank's estimation is resistant to economic weakness and ripe for consolidation.

ABN Amro has provided €16m of equity financing, with debt and mezzanine finance from Bank of Scotland. Christof Naményi, senior investment manager at ABN Amro Capital's Frankfurt office, said that Löwen Play was a stable business in an equally stable sector.