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Divestiture • Software

Ladbrokes Coral Acquires Global Betting Exchange

On January 24, 2013, Ladbrokes Coral acquired software company Global Betting Exchange from TBH for 30M EUR

Acquisition Context
  • This is Ladbrokes Coral’s 3rd transaction in the Software sector.
  • This is Ladbrokes Coral’s 2nd largest (disclosed) transaction.
  • This is Ladbrokes Coral’s 1st transaction in Ireland.

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M&A Deal Summary
Date January 24, 2013
Target Global Betting Exchange
Sector Software
Buyer(s) Ladbrokes Coral
Sellers(s) TBH
Deal Type Divestiture
Deal Value 30M EUR

Target Company

Global Betting Exchange

Dublin, Ireland
Global Betting Exchange Ltd. is a operator of the Betdaq exchange business. The company also provides GBE Kiosk, a sports book software that is installed on various kiosks.
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Buyer Overview 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 Context for Buyer #
Overall 4 of 7
Sector: Software 3 of 3
Type: Divestiture 1 of 1
Country: Ireland 1 of 1
Year: 2013 2 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 TBH Guernsey

Guernsey, Channel Islands

TBH Guernsey Ltd. is a developer of platform for trading of sports bets for Global Betting Exchange Alderney (GBEA) and Betdaq. The company is based in Guernsey, Channel Islands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Gaming Investments Pty

Australia

Gaming Investments Pty Ltd. is a fast growing online sports betting business in Australia. GIPL's business includes Bookmaker.com.au Pty Ltd ("BPL"), operator of the online bookmaker Bookmaker.com.au and Panda Gaming Pty Ltd ("PGPL"), operator of an extensive racing and sports focused affiliate network in Australia.

Buy AU$23M

Seller Profile 1

SELLER

TBH

Grand Cayman, Cayman Islands
Category Company
Sector Internet Software and Services
DESCRIPTION

TBH Limited owns and operates online betting and gaming Websites. The company is based in Grand Cayman, Cayman Islands.

Deal Context for Seller #
Overall 2 of 2
Sector: Software 2 of 2
Type: Divestiture 1 of 1
Country: Ireland 1 of 1
Year: 2013 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 TBH Guernsey

Guernsey, Channel Islands

TBH Guernsey Ltd. is a developer of platform for trading of sports bets for Global Betting Exchange Alderney (GBEA) and Betdaq. The company is based in Guernsey, Channel Islands.

Sell -

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