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New Deal


Announced

Completed

Kindred Group completed the acquisition of the Belgian casino business of The Rank Group for £25m.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Casinos and Gambling

Cross Border

Belgium

Disposal

online gambling services

Majority

Single Bidder

Acquisition

Friendly

Private

Synopsis

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Kindred Group, an online gambling operator, completed the acquisition of the Belgian casino business of The Rank Group, a gambling company based in the United Kingdom, for £25m. "Today's announcement of the sale of the Blankenberge casino secures the next chapter for a great venue in Belgium and a team that deliver an excellent customer experience to the local community. As a standalone casino, the business was non-core to Rank's international growth plans and the £25m sale proceeds supports the Group's liquidity and future growth initiatives," John O'Reilly, The Rank Group CEO.

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