IPS, EDM and Rocket 9

IPS, EDM and Rocket 9
Date: January 2018
Deal Size: £65m sale of online casino assets to LeoVegas
About the client: IPS, EDM and Rocket 9 include a 100-strong team and prominent UK casino brands including Pink Casino, SlotBoss and 21.co.uk. The business was founded by the team behind Bede Gaming, a leading supplier of software to the online gambling industry
About the transaction: Akur ran a competitive process, leveraging our extensive international network of gaming investors and acquirers, bringing to the table a broad range of interested parties.

Joe Saumarez Smith, Co-founder and lead investor said:
“Akur have led the transaction from start to finish in a highly professional way. From identifying and introducing potential acquirers to deal structure and transactional agreements, Akur have been fantastic advisors who have listened to our needs and identified the best deal partners. The transaction is an ideal outcome for the shareholders, the management of the business who have a fantastic cultural fit with the acquirers and Bede Gaming, who have signed a new software supply deal with the acquirers.”

Lead: David Shapton
Online retail

 

Warning: Trying to access array offset on int in /home/akur/public_html/wp-content/plugins/WPExpressPopup/wp-express-popup.php on line 72
 

Chris Young…

Chris is focused on listed closed-ended funds, specialising in both equity and debt capital fundraising. He has over 16 years’ experience in both sales and research. With relationships across many of the large institutional investors in the sector, he has worked across IPOs, secondary fundraisings, placings and sales. He began his career in the City as an investment funds analyst at Credit Lyonnais in 1999, and has subsequently held positions at Lazard Panmure Gordon, Arbuthnot Securities, and most recently as a specialist salesman within the investment funds team at Westhouse Securities. He is focused on private and public real estate and REITs, infrastructure and utilities, emerging markets, private equity and alternatives. Tel: +44 (0) 20 3780 8746 Mob: +44 (0) 7471 141 303 Email: cyoung@akur.co.uk