M&A Deal Summary

GAN Acquires Silverback

On December 9, 2021, GAN acquired gaming company Silverback

Acquisition Highlights
  • This is GAN’s 1st transaction in the Gaming sector.
  • This is GAN’s 1st transaction in Bulgaria.

M&A Deal Summary
Date 2021-12-09
Target Silverback
Sector Gaming
Buyer(s) GAN
Deal Type Add-on Acquisition

Target

Silverback

Sofia, Bulgaria
Silverback is an online casino game developer that possesses proven online slot games such as Aztec Luck and Mystery Stacks, currently distributed across European regulated markets to more than 100 B2C operators of iGaming. The company's mission has been delivering innovative, immersive mobile-first online casino games with differentiated design features, delivering innovative iGaming experiences. Silverback was formed in 2019 and is based in Sofia, Bulgaria.

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Buyer(S) 1

Buyer

GAN

Irvine, California, United States
Category Company
Founded 2002
Sector Digital Media
Revenue 142M USD (2022)
DESCRIPTION

GAN is a business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry and is a business-to-consumer operator of proprietary online sports betting technology internationally with market leadership positions in selected European and Latin American markets. In its B2B segment, GAN has developed a proprietary internet gambling enterprise software system, GameSTACK, which it licenses to land-based U.S. casino operators as a turnkey technology solution for regulated real money internet gambling, encompassing internet gaming, internet sports betting, and social casino gaming branded as 'Simulated Gaming. The company was founded in 2002 and is based in Irvine, California.

DEAL STATS #
Overall 2 of 2
Sector (Gaming) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Bulgaria) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Coolbet Group

Tallinn, Estonia

Formed in 2015, Coolbet Group offers online real-money gaming in sports, casino, poker, and virtual e-sports. Coolbet is primarily based in Tallinn, Estonia, and has a management team with extensive experience in the MiG industry. Currently, the Company has gambling licenses in Estonia, Sweden, and Malta.

Buy €149M
Mergr

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