Add-on Acquisition • Information Technology

OvalX Acquires Oval

On May 14, 2021, OvalX acquired information technology company Oval

Acquisition Context

This is OvalX’s 1st transaction in the Information Technology sector.
This is OvalX’s 1st transaction in the United Kingdom.

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M&A Deal Summary
Date	May 14, 2021
Target	Oval
Sector	Information Technology
Buyer(s)	OvalX
Deal Type	Add-on Acquisition

Target Company

Oval

London, United Kingdom

Oval operates a very successful mobile app that has over 100,000 active users, helping them to save and invest through their marketplace of financial products, automatically and on a recurring basis. Oval was formed in 2017 and is based in London, United Kingdom.

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Buyer Overview 1

Buyer

OvalX

London, United Kingdom

Category	Company
Founded	1965
Sector	Financial Services

DESCRIPTION

OvalX is a betting and CFD trading company that provides investors with unrivaled levels of customer support from friendly, knowledgeable staff, all delivered with the utmost client confidentiality. OvalX was formed in 1965 and is based in London, United Kingdom.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
Country: United Kingdom	1 of 1
Year: 2021	1 of 1

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