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New Deal


Announced

Completed

Kindred Group completed the acquisition of the remaining 66.7% stake in Relax Gaming for $247m.

Financials

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Transaction Value£183m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned33%
Capital Bid For67%
EV/Sales11.6x
EV/EBITDA28.94x
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Single Bidder

Private

Majority

Cross Border

Acquisition

iGaming supplier

it solutions

Friendly

Malta

Completed

Synopsis

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Kindred Group, an online gambling operator, completed the acquisition of the remaining 66.7% stake in Relax Gaming, a B2B iGaming software supplier, for $247m. "Through this acquisition we add a rapidly growing and profitable B2B business with a world-class product portfolio, giving us greater control over our casino, poker and bingo offering, putting Kindred in a significantly better position to achieve our long-term strategy to increase our focus on product differentiation and customer experience," Henrik Tjärnström, Kindred Group CEO.

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