Add-on Acquisition • Information Technology

Playtech Acquires Consolidated Financial Holdings A/S

On November 14, 2016, Playtech acquired information technology company Consolidated Financial Holdings A/S for 43M USD

Acquisition Context
  • This is Playtech’s 1st transaction in the Information Technology sector.
  • This is Playtech’s 5th largest (disclosed) transaction.
  • This is Playtech’s 1st transaction in Denmark.

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M&A Deal Summary

Date November 14, 2016
Target Consolidated Financial Holdings A/S
Sector Information Technology
Buyer(s) Playtech
Deal Type Add-on Acquisition
Deal Value 43M USD

Target Company

Consolidated Financial Holdings A/S

Copenhagen, Denmark
Consolidated Financial Holdings A/S is a technology company with products including a leading Straight Through Processing ("STP") brokerage which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools. CFH has proven technological capabilities and generates revenue primarily from trading volume processed through its brokerage platform, either as clearing fees or technology services. It currently has over 400 customers and partners worldwide in more than 80 countries, which service thousands of retail customers worldwide, and is considered one of the largest and most reputable B2B providers for technology and clearing in the industry.
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Buyer Overview 1

Buyer

Playtech

Douglas, United Kingdom

Category Company
Founded 1999
Sector Digital Media
Employees8,300
Revenue 848M GBP (2024)
DESCRIPTION

Playtech is a developer of unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, CRM services and hosting. The Group’s capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account. Playtech was founded in 1999 and is based in Douglas, Isle of Man.


Deal Context for Buyer #
Overall 13 of 15
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 12 of 14
Country: Denmark 1 of 1
Year: 2016 5 of 5
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 ECM Systems

Hull, United Kingdom

ECM Systems Ltd. supplies software and support services to the UK retail bingo market, including major operators Gala Leisure, Mecca Bingo and the leading independent bingo operators. ECM is highly regarded within the bingo industry and its extensive range of products is instrumental to the daily operation of retail bingo in the UK and the Republic of Ireland. Its systems provide key facilities for Main Stage Bingo, Cash Bingo, wide area linked gaming operations and front-of-house reporting. A complete customer support facility provides technical and repair services for all current and legacy products.

Buy £15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 Eyecon

Guernsey, Channel Islands

Eyecon Ltd. is a specialist supplier of online gaming slots software to an international customer base. Eyecon currently derives almost all its revenue from the UK market and in line with Playtech's acquisition strategy, almost all of Eyecon's revenues are fully regulated. The addition of Eyecon's content portfolio strengthens Playtech's position as the leading content provider in this key market. In addition, Eyecon's proprietary RGS and distribution network will strengthen the penetration of Playtech's Virtue Fusion offering.

Buy £50M