FSB supplies its live sports-betting platform, real-time algorithmic pricing models and leading CRM, CMS and UX tools to leading online gaming operators in the UK and internationally. FSB’s client base includes Dafabet and Genting.
About the transaction:
Akur advised FSB Technology on its strategic investment from US-based sports data specialist SMT (SportsMEDIA Technology).
Dave McDowell, CEO of FSB commented:
“We are grateful to the Akur team for their invaluable advice during the investment process. The team showed great commitment to the project and we were impressed by their knowledge and contacts within the market.”
Almor is a niche online casino operator whose principal brands sunmaker, sunnyplayer and kingplayer have established a strong position in their core German-speaking markets since the business launched in 2011, offering a large range of online casino games as well as a sportsbook. The business generated earnings of €1.2 million from net gaming revenue of €11.1 million in 2014 and recorded over 55,000 active customers in the first 5 months of 2015.
About the transaction:
Akur advised Almor in the sale of 71% of the business to Cherry AB (a Swedish listed provider of gaming activities with a 50 year operating history). Akur had a central role in the origination, negotiation and final execution of the deal.
Fredrik Burvall, President and CEO of Cherry, commented: “The deal gives Cherry a larger and more significant presence in continental Europe, contributing positively to both our margins and our growth prospects.”
Alexander Knopf, director of Almor, added: “We are delighted to be joining Cherry, whom we believe to be the ideal partner for Almor to continue its remarkable growth. We are grateful to the Akur team for their vital role in bringing this transaction together. From the early stages of identifying and introducing potential partners through to structuring and finalising the deal with Cherry, we have been impressed by Akur’s sector expertise and professionalism throughout the process.”
BLN (trading as ThinCats) is the UK’s leading secured business lending platform, having lent a total of £140 million to UK businesses on a secured basis, as at November 2015
About the transaction:
Akur acted as ThinCats’ exclusive financial adviser to secure a major underwriting facility to enable higher frequency and larger loans across ThinCats platform. Following an extensive process, ESO Capital was chosen as lead underwriter on the ThinCats platform, driving significant ramp-up in the scale of the business.
BetVictor is one of the UK’s best known online sports betting and casino brands. Based in Gibraltar, BetVictor is the largest non-governmental employer in the territory.
About the transaction:
Akur advised the founder shareholders on the sale of their majority equity stake, including carrying out a comprehensive valuation exercise.
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