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New Deal


Announced

Completed

Codere Online went public via a SPAC merger with DD3 Acquisition in a $350m deal.

Financials

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Transaction Value£253m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Reverse Takeover

Luxembourg

online sports betting services

Entertainment

Acquisition

Cross Border

Friendly

Single Bidder

Majority

Private

De-SPAC

Private Equity

Spain

Merger

Completed

Synopsis

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Codere Online, a company that offers online sports betting and online casino, went public via a SPAC merger with DD3 Acquisition, a blank check company, in a $350m deal. “We are very excited to have completed this transaction after months of hard work and look forward to deploying the funds obtained to deliver on our mission to become one of the leading online gaming and sports betting operators in Latin America," Moshe Edree, Codere Online Managing Director.

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