|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.”