Globe Invest to acquire Best of the Best for £45.3m.

Globe Invest, a Cyprus registered and headquartered single-family office and investment holding company of Mr. Teddy Sagi, agreed to acquire Best of the Best, a United Kingdom-based company, which is engaged in operating weekly competitions to win luxury cars and other prizes online, for £45.3m. "We are excited to continue to build on the foundations set by William Hindmarch and the team at BOTB, by focussing on sustainable long term strategic competitive growth, by continuous investments in technology, customer/product analytics capabilities as well as product development, marketing and distribution capabilities, under a customer-centric model, both in the UK and in other new jurisdictions. We also intend to support BOTB in considering potential acquisitions. Through our affiliates, we expect to offer the business, operating and financial support and knowledge sharing, that would be required for BOTB's next period of growth trajectory. Our offer represents a compelling 33.75 per cent. premium to the price we paid for a 29.9 per cent. shareholding on 8 September 2022 and a compelling liquidity proposition for fellow shareholders to release their investment from a very illiquid stock," Teddy Sagi, GIL owner.