M&A Deal Summary

Kindred Group Acquires Relax Gaming

On July 2, 2021, Kindred Group acquired gaming company Relax Gaming for 320M EUR

Acquisition Highlights
  • This is Kindred Group’s 3rd transaction in the Gaming sector.
  • This is Kindred Group’s largest (disclosed) transaction.
  • This is Kindred Group’s 2nd transaction in Malta.

M&A Deal Summary
Date 2021-07-02
Target Relax Gaming
Sector Gaming
Buyer(s) Kindred Group
Deal Type Add-on Acquisition
Deal Value 320M EUR
Advisor(s) Roschier, Attorneys (Legal)

Target

Relax Gaming

St. Julian's, Malta
website
Relax Gaming is a B2B iGaming software supplier that designs and develops online casino games, supported by an open distribution platform for third-party aggregation as well as proprietary poker and bingo products. Relax Gaming was founded in 2010 and is based in St. Julian's, Malta.

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Buyer(S) 1

Buyer

Kindred Group

Sliema , Malta

website

Category Company
Founded 1997
Sector Gaming
Employees2,140
Revenue 1.3B GBP (2021)
DESCRIPTION

Kindred Group is an online gambling company, that offers products such as online casinos, online poker, online bingo, sports betting, soft games, scratch cards, and live betting. Kindred Group was founded in 1997 and is based in Sliema, Malta.

DEAL STATS #
Overall 6 of 6
Sector (Gaming) 3 of 3
Type (Add-on Acquisition) 4 of 4
Country (Malta) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Casino Blankenberge

Blankenberge, Belgium

Casino Blankenberge is an operator of a casino, which is one of the nine land-based casinos. In addition to the cozy games room, the building also offers space for three rooms for theater performances, exhibitions, and expos. Casino Blankenberge is based in Blankenberge, Belgium.

Buy £25M
Mergr

Product

Company

Legal