Announced
Financials
Tags
Isle of Man
Private Equity
Cross Border
Pending
Acquisition
Private
Majority
financial trading division
Friendly
FinTech
Synopsis
Barinboim Group, Leumi Partners and Menora Mivtachim Insurance and TTB Partners are bidding to acquire Finalto, a specialist in B2C and B2B multi-channel trading software and services, from Playtech, a supplier of online gaming software, for up to $250m. "Playtech has a stated strategy to simplify the Group and today’s announcement is the conclusion of a two year process in which Playtech has explored all routes to maximise value and certainty for shareholders from Finalto. The sale also offers a good outcome for all stakeholders in the Finalto Business, providing certainty for colleagues, customers and trading counterparties. The Consortium has a deep understanding of the Finalto Business and the markets in which it operates and we wish our colleagues every future success," Mor Weizer, Playtech CEO.
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