M&A Deal Summary

Cogetech Acquires Ladbrokes - Italian Retail Business

On April 12, 2010, Cogetech acquired gaming company Ladbrokes - Italian Retail Business from Ladbrokes Coral for 5M EUR

Acquisition Highlights
  • This is Cogetech’s 1st transaction in the Gaming sector.
  • This is Cogetech’s largest (disclosed) transaction.
  • This is Cogetech’s 1st transaction in Italy.

M&A Deal Summary
Date 2010-04-12
Target Ladbrokes - Italian Retail Business
Sector Gaming
Buyer(s) Cogetech
Sellers(s) Ladbrokes Coral
Deal Type Divestiture
Deal Value 5M EUR

Target

Ladbrokes - Italian Retail Business

Italy
Ladbrokes - Italian Retail Business comprises retail betting and gambling business. It includes 82 shops and 51 corners and an office location. Italian Retail Business is located in Italy.

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Buyer(S) 1

Buyer

Cogetech

Milano, Italy
Category Company
Founded 2004
Sector Gaming
DESCRIPTION

Formed in 2004, Cogetech Spa is an Italian gaming company dedicated to the entertainment sector with offices in Milan and Rome.

DEAL STATS #
Overall 1 of 1
Sector (Gaming) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 1 of 1
Sector (Gaming) 1 of 1
Type (Divestiture) 1 of 1
Country (Italy) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-22 Sponsio

United Kingdom

Sponsio Ltd. is a provider of online betting and gaming services. Company has operations in Sweden, Norway, Denmark and Finland. Sponsio Ltd. is based in the United Kingdom.

Buy £36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-19 Stadium Technology Group

Las Vegas, Nevada, United States

Stadium Technology Group is a Las Vegas-based supplier of software and in-game betting applications to sportsbook operators. Stadium supplies its innovative, licensed technology to a number of sportsbook and third party suppliers in Nevada and Delaware. The deal sees Ladbrokes enter the US market at a time when a number of states are exploring liberalising gambling.

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