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Announced

Completed

HeadsUp completed the acquisition of Spinola Gaming.

Financials

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

Tags

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lottery software

Private

Completed

Cross Border

Cyprus

Friendly

software development

Acquisition

Single Bidder

Software

Majority

Synopsis

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HeadsUp, a global gaming operator and media company focusing on online gaming, online poker, eSports, sports betting, online lottery, mobile 50/50, charity fundraising platforms, software and blockchain based payment solutions, completed the acquisition of Spinola Gaming, a global lottery software provider. Financial terms were not disclosed. "The full acquisition of Spinola and its related assets is an integral part of HeadsUp's global strategy across the Charity, Lottery and Gaming space and the takeover of Spinola will not only enable it to expand into new global markets but also execute on its existing strategies with its full range of Lottery, Instant Win and charitable fundraising solutions," HeadsUp.

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