M&A Deal Summary

Light & Wonder Acquires House Advantage

On October 6, 2022, Light & Wonder acquired software company House Advantage from Pine Tree Equity Partners

Acquisition Highlights
  • This is Light & Wonder’s 3rd transaction in the Software sector.
  • This is Light & Wonder’s 10th transaction in the United States.
  • This is Light & Wonder’s 6th transaction in Nevada.

M&A Deal Summary

Date 2022-10-06
Target House Advantage
Sector Software
Buyer(s) Light & Wonder
Sellers(s) Pine Tree Equity Partners
Deal Type Add-on Acquisition

Target

House Advantage

Las Vegas, Nevada, United States
House Advantage provides loyalty management software solutions for the casino and gaming industry. Halo architecture supports true big data processing with the speed to satisfy the demands of real-time transactional processing at a massive scale. House Advantage was founded in 2004 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Light & Wonder

Las Vegas, Nevada, United States

Category Company
Founded 1984
Sector Gaming
Employees6,000
Revenue 2.9B USD (2023)
DESCRIPTION
Scientific Games facility in Las Vegas, Nevada.
Scientific Games facility in Las Vegas, Nevada.

Light & Wonder is a developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. Light & Wonder was established in 1984 and is based in Las Vegas, Nevada.


DEAL STATS #
Overall 21 of 22
Sector (Software) 3 of 3
Type (Add-on Acquisition) 19 of 19
State (Nevada) 6 of 6
Country (United States) 10 of 10
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Playzido

London, United Kingdom

Playzido is a dynamic content creation platform provider and game supplier serving great content from 12+ gaming studios in the online gaming market. Playzido was formed in 2017 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 Flows

London, United Kingdom

Flows is an no-code automation platform that allows businesses to seamlessly automate digital tasks, design groundbreaking digital features, and launch applications effortlessly. Through Flows, organisations can integrate with any app or data source quickly, coordinate multiple systems, and automate workflows in real-time. Flows is based in London.

Buy -

Seller(S) 1

SELLER

Pine Tree Equity Partners

Miami, Florida, United States

Category Private Equity Firm
Founded 2007
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION
Pine Tree Equity's corporate headquarters in Miami, Florida.
Pine Tree Equity's corporate headquarters in Miami, Florida.

Pine Tree Equity Partners is an investment firm focused on small-cap companies. Pine Tree generally looks to partner with management and typically invests $2 to $7 million per transaction. Areas of interest include business services, consumer services, financial services, consumer products, franchising, and niche manufacturing. Pine Tree Equity Partners was formed in 2007 and is based in Miami, Florida.


DEAL STATS #
Overall 13 of 13
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Nevada) 1 of 1
Country (United States) 13 of 13
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Premier Physician

Miami, Florida, United States

Premier Physician is a provider of primary care physician services primarily to Medicaid eligible patients across 10 counties in South and Central Florida. Premier oversees nearly 30,000 Medicaid and Medicare members through a network of over 90 general practitioners and 65 unique practices. Premier Physician was founded in 1998 and is headquartered in Miami, Florida.

Buy -