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Announced

Completed

Cannae Holdings led a $270m funding round in Sightline Payments.

Financials

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Transaction Value£195m
Consideration TypeCash
Capital Owned-
Capital Bid For27%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

United States

FinTech

financial technology

Friendly

Venture Capital

Private Equity

Acquisition

Private

Minority

Domestic

Synopsis

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Cannae Holdings, a holding company, led a $270m funding round in Sightline Payments, a sports betting and casino gaming market's digital payments provider. Other investors include Genting Group, Point Break Capital Management, and founding investor Walter Kortschak. "Sightline has continuously risen to meet the changing needs of the casino gaming industry. As we strive to help lead the digital transformation of the patron experience in our vertical, we are humbled to become Nevada's first FinTech unicorn. Financial Services has historically not embraced the legal, regulated gaming industry, but thanks to the innovations Sightline has fostered in the market, gaming is clearly poised for an omni-channel cashless revolution," Omer Sattar, Sightline Co-Founder.

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