M&A Deal Summary

The Stars Group Acquires CryptoLogic

On July 31, 2012, The Stars Group acquired software company CryptoLogic for 35M USD

Acquisition Highlights
  • This is The Stars Group’s 1st transaction in the Software sector.
  • This is The Stars Group’s 4th largest (disclosed) transaction.
  • This is The Stars Group’s 2nd transaction in Canada.
  • This is The Stars Group’s 1st transaction in Ontario.
Investment Fate
  • CryptoLogic was divested to a consortium of strategic buyers in 2015.

M&A Deal Summary

Date 2012-07-31
Target CryptoLogic
Sector Software
Buyer(s) The Stars Group
Deal Type Add-on Acquisition
Deal Value 35M USD

Target

CryptoLogic

Toronto, Ontario, Canada
CryptoLogic, Inc. is a developer of branded online betting games and internet casino software.

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Buyer(S) 1

Buyer

The Stars Group

Toronto, Ontario, Canada

Category Company
Founded 2004
Sector Software
Employees1,991
Revenue 2.0B USD (2018)
DESCRIPTION

The Stars Group is a designer, developer, manufactures, distributes, sells, and services technology-based gaming solutions for the regulated gaming industry worldwide. The Stars Group was founded in 2004 and is based in Toronto, Canada.


DEAL STATS #
Overall 2 of 7
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 6
State: Ontario M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2012 M&A 1 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-14 Chartwell Technology

Calgary, Alberta, Canada

Chartwell Technology, Inc. is a provider of games, gaming systems and platform for the regulated online casino gaming industry.

Buy CA$23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 Cadillac Jack

Duluth, Georgia, United States

Cadillac Jack, Inc. is a designer and supplier of electronic games and systems for the regulated global gaming industry with more than 13,000 units installed in hundreds of casinos across the United States and Mexico.

Buy $167M