Last week, NYX Gaming Group Limited and privately held OB Topco Limited (“OpenBet”), a top regulated digital gaming supplier globally, announced they have entered into a binding share purchase agreement.
In short, it’s a key acquisition for NYX, which will absorb 100% of the issued and outstanding shares of OpenBet from funds managed by Vitruvian Partners LLP, its co-investors and management.
“The total consideration of £270.0 million (which includes repayment of OpenBet’s £95.4 million existing third party debt) will be paid in cash and financed…” a provided statement reads.
We’re told that the boards of directors of NYX and OpenBet have unanimously approved the transaction.
“The transaction will join together two of the world’s most established and proven suppliers to create an organization that will deliver the leading end to end solution for regulated gaming markets,” the formal announcement of the acquisition reads. “The combined strength of the two businesses will provide customers around the globe with premium betting and gaming solutions across all channels.”
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