M&A Deal Summary

NYX Gaming Group Acquires OpenBet

On April 4, 2016, NYX Gaming Group acquired software company OpenBet from Vitruvian Partners for 270M GBP

Acquisition Highlights
  • This is NYX Gaming Group’s 2nd transaction in the Software sector.
  • This is NYX Gaming Group’s 0th largest (disclosed) transaction.
  • This is NYX Gaming Group’s 1st transaction in the United Kingdom.
Investment Fate
  • OpenBet was divested to a consortium of strategic buyers in 2021 for 1.2B USD.
  • OpenBet was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary

Date 2016-04-04
Target OpenBet
Sector Software
Buyer(s) NYX Gaming Group
Sellers(s) Vitruvian Partners
Deal Type Add-on Acquisition
Deal Value 270M GBP

Target

OpenBet

London, United Kingdom
OpenBet is a software provider to the sports betting and gaming industry. OpenBet's main products include an online operating platform, a sportsbook, and a module for the provision of casinos and other games. OpenBet was founded in 1996 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

NYX Gaming Group

Las Vegas, Nevada, United States

Category Company
Founded 1999
Sector Digital Media
Employees1,000
Revenue 27M CAD (2014)
DESCRIPTION

NYX Gaming Group Ltd. is a provider of gaming content including casino, poker, bingo and lottery games that players can enjoy on desktop, web and mobile. NYX Gaming Group Ltd. was founded in 1999 and is headquartered in Las Vegas, Nevada.


DEAL STATS #
Overall 3 of 4
Sector (Software) 2 of 2
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 1 of 2
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 CryptoLogic

Toronto, Ontario, Canada

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Betdigital

Oxfordshire, United Kingdom

Betdigital Ltd. is a UK based supplier of gaming content and platforms. Betdigital is known for their development of a truly-cross platform gaming engine which enables third party and online game developers to bring their content to the land-based gaming market.

Buy £25M

Seller(S) 1

SELLER

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 5 of 22
Sector (Software) 2 of 3
Type (Add-on Acquisition) 1 of 9
Country (United Kingdom) 5 of 17
Year (2016) 3 of 6
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Unifaun

Stockholm, Sweden

Unifaun is a provider of Transport Administration (“TA”) services in the Nordics, providing a SaaS platform connecting freight carriers and shippers of all sizes. Unifaun is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Inspired Gaming Group

London, United Kingdom

Inspired Gaming Group Ltd. is a global games technology company, supplying virtual sports, mobile gaming and server-based gaming systems with associated terminals and digital content to regulated betting and gaming operators around the world. Inspired Gaming Group Ltd. was formed in 2006 and is based in London.

Sell £200M