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New Deal


Announced

Evolution to acquire Nolimit City for $358m.

Financials

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Transaction Value£292m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

Majority

Sweden

online games

Gaming

Private

Pending

Single Bidder

Cross Border

Synopsis

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Evolution, an IT-solutions provider, agreed to acquire Nolimit City, a producer of online slots games, for $358m. “With the addition of Nolimit City to the Evolution family we extend our portfolio of truly innovative and cutting edge games from the top brands and game makers in the industry. We have followed Jonas, Emil and their team for a few years and been impressed as they have established a completely new style of slot games. I am proud that yet another of the very best minds in our industry has chosen to join the Evolution network," Jens von Bahr, Evolution Chairman.

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