M&A Deal Summary

Playtech Acquires Snaitech

On April 12, 2018, Playtech acquired gaming company Snaitech from Investindustrial

Acquisition Highlights
  • This is Playtech’s 2nd transaction in the Gaming sector.
  • This is Playtech’s 1st transaction in Italy.

M&A Deal Summary

Date 2018-04-12
Target Snaitech
Sector Gaming
Buyer(s) Playtech
Sellers(s) Investindustrial
Deal Type Add-on Acquisition

Target

Snaitech

Milan, Italy
Snaitech SpA is an Italian gaming company involved in the horse and sports betting segment. The company's other operations include amusement with prizes (AWPs), video lottery and online skill games. Snaitech was formed in 1990 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Playtech

Douglas, United Kingdom

Category Company
Founded 1999
Sector Digital Media
Employees7,900
Revenue 1.7B GBP (2023)
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 STATS #
Overall 15 of 15
Sector (Gaming) 2 of 2
Type (Add-on Acquisition) 14 of 14
Country (Italy) 1 of 1
Year (2018) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 YoYo Games

Richmond, United Kingdom

YoYo Games Ltd. is a cross-platform games development technology. YoYo Games is a manufacture of GameMaker Studio game development software. YoYo Games was founded in 2007 and is based in Richmond, United Kingdom.

Sell $10M

Seller(S) 1

SELLER

Investindustrial

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.


DEAL STATS #
Overall 22 of 34
Sector (Gaming) 2 of 2
Type (Add-on Acquisition) 10 of 16
Country (Italy) 10 of 14
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 CEME

Trivolzio, Italy

CEME is a manufacturer of high and low pressure pumps, brass and plastic valves, pressure switches and flow meters which enable controlling the passage of any type of fluid: water, gas, steam or air. The company serves critical niche applications in end-markets such as single serve coffee machines (which today account for the majority of revenues), beverage and vending machines, water dispensing and air conditioning units as well as medical devices. CEME was founded in 1974 and is based in Carugate, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-15 lifebrain

Vienna, Austria

lifebrain is a medical diagnostic laboratory group with several laboratories in Italy and Switzerland pursuing a buy-and-build strategy focused on consolidation in the laboratory diagnostics sector. lifebrain AG was established in 2013 and is based in Vienna, Austria.

Buy -