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Announced

Barinboim Group, Leumi Partners and Menora Mivtachim Insurance and TTB Partners are bidding to acquire Finalto from Playtech for up to $250m.

Financials

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Transaction Value£148m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA3x
Share Price Premium-
One Off Charge-

Tags

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Isle of Man

Private Equity

Cross Border

Pending

Acquisition

Private

Majority

financial trading division

Friendly

FinTech

Synopsis

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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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