M&A Deal Summary

Ladbrokes Coral Acquires Gala Coral Group

On October 26, 2016, Ladbrokes Coral acquired gaming company Gala Coral Group from Apollo Global Management and Cerberus Capital Management

Acquisition Highlights
  • This is Ladbrokes Coral’s 3rd transaction in the Gaming sector.
  • This is Ladbrokes Coral’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2016-10-26
Target Gala Coral Group
Sector Gaming
Buyer(s) Ladbrokes Coral
Sellers(s) Apollo Global Management
Cerberus Capital Management
Deal Type Merger

Target

Gala Coral Group

Essex, United Kingdom
Gala Coral Group Ltd. is a fast growing UK retail gaming company, Gala operates successfully in the UK bingo casino, licensed betting offices and multimedia gaming markets. It is by some margin the largest bingo operator in the UK.

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Buyer(S) 1

Buyer

Ladbrokes Coral

London, United Kingdom
Category Company
Founded 1886
Sector Gaming
Employees14,340
Revenue 1.2B GBP (2015)
DESCRIPTION

Ladbrokes Coral plc is a multi-channel bookmaking and gaming company with an international reach, combining 230 years of heritage and looking forward to an exciting future. Ladbrokes Coral was formed in 1886 and is based in London.

DEAL STATS #
Overall 7 of 7
Sector (Gaming) 3 of 3
Type (Merger) 1 of 1
Country (United Kingdom) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-09 Eskander s Betstar Pty

Port Melbourne, Australia

Eskander's Betstar Pty Ltd. is a private bookmaker in Australia. Betstar has approximately 40,000 registered customers, company offers up to the minute markets and competitive odds on a range of national and international sports.

Buy £12M

Seller(S) 2

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 26 of 66
Sector (Gaming) 2 of 3
Type (Merger) 4 of 8
Country (United Kingdom) 4 of 5
Year (2016) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-26 Rackspace

San Antonio, Texas, United States

Rackspace is a provider of cloud computing services and managing hosting services for small and medium-sized businesses and large corporations. Rackspace was formed in 1998 and is based in San Antonio, Texas.

Buy $4.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Lumileds

Schiphol, Netherlands

Lumileds is a supplier of lighting components to the general illumination, automotive and consumer electronics. Lumileds was established in 1999 and is headquartered in Schiphol, Netherlands.

Buy $2.0B
SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 31 of 54
Sector (Gaming) 1 of 1
Type (Merger) 1 of 1
Country (United Kingdom) 4 of 6
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 TransCentra

Norcross, Georgia, United States

TransCentra is an established provider of integrated outsourced billing, remittance processing, and imaging software, and consulting services. TransCentra serves approximately 300 clients, primarily in the financial service, insurance, utilities, healthcare, and telecom industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Staples Solutions

Amsterdam, Netherlands

Staples Solutions is a provider of workplace products, services, and solutions to small, mid-sized, and large businesses in Europe. Through our integrated offering, Staples Solutions is the partner of choice to meet the diverse needs of the workplace of today and tomorrow.

Buy -
Mergr

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