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New Deal


Announced

Completed

Entain completed the acquisition of Enlabs for c. $433m.

Financials

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Transaction Value£311m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium34%
One Off Charge-

Synopsis

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Entain, a sports-betting and gaming group, completed the acquisition of Enlabs, a gaming company, for c. $433m. "The acquisition of Enlabs is perfectly aligned with our strategy of expanding across new regulated international markets. We are hugely excited by the growth opportunities it presents both in its existing markets and through new market opportunities. Enlabs is already a strong and rapidly growing business in its own right, but we now have a fantastic opportunity to turbocharge its growth by leveraging the power of our unparalleled proprietary technology, scale, product and marketing expertise," Shay Segev, Entain CEO. On March 1, 2021, the offer was increased from $343m to $433m. The increased offer price was declared final.

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