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New Deal


Announced

Completed

Azerion went public via a SPAC merger with EFIC1 in a €1.3bn deal.

Financials

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Transaction Value£1,109m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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media platform

Domestic

Entertainment

Acquisition

Netherlands

Reverse Takeover

Majority

Single Bidder

Private

Friendly

casual games

digital entertainment

De-SPAC

Merger

Completed

Synopsis

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Azerion Holding, a digital entertainment and media company, went public via a SPAC merger with European FinTech IPO Company 1, a special purposes acquisition company, in a €1.3bn deal. “Azerion has experienced significant growth since its inception in 2014, and we have been looking for effective ways to build on this growth whilst consolidating our leading position in the markets we operate in. This business combination, and the subsequent listing of Azerion, will not only give us access to the capital markets but will also help us raise our profile amongst our customer and partner groups and talented workforce globally. Furthermore, in a consolidating and competitive market, it will help us stay financially flexible whilst fuelling our business expansion, both organically and through acquisitions. We are very pleased to partner with a highly reputable and well-established team in EFIC1," Atilla Aytekin, Azerion Co-Founder and Co-CEO.

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