|Almor Limited (Sunmaker)|
|Deal Size:||Sale of a 71% stake at a €6.5m valuation|
|About the client:||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:
Alexander Knopf, director of Almor, added: