Add-on Acquisition • Internet Software and Services

The Stars Group Acquires Chartwell Technology

On July 14, 2011, The Stars Group acquired internet software and services company Chartwell Technology for 23M CAD

Acquisition Context
  • This is The Stars Group’s 1st transaction in the Internet Software and Services sector.
  • This is The Stars Group’s 6th largest (disclosed) transaction.
  • This is The Stars Group’s 1st transaction in Canada.
  • This is The Stars Group’s 1st transaction in Alberta.
Investment Fate
  • Chartwell Technology was divested to a consortium of strategic buyers in 2015.

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M&A Deal Summary

Date July 14, 2011
Target Chartwell Technology
Sector Internet Software and Services
Buyer(s) The Stars Group
Deal Type Add-on Acquisition
Deal Value 23M CAD

Target Company

Chartwell Technology

Calgary, Alberta, Canada
Chartwell Technology, Inc. is a provider of games, gaming systems and platform for the regulated online casino gaming industry.
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Buyer Overview 1

Buyer

The Stars Group

Toronto, Ontario, Canada

Category Company
Founded 2004
Sector Software
Employees1,991
Revenue 2.0B USD (2018)
DESCRIPTION

The Stars Group is a designer, developer, manufactures, distributes, sells, and services technology-based gaming solutions for the regulated gaming industry worldwide. The Stars Group was founded in 2004 and is based in Toronto, Canada.


Deal Context for Buyer #
Overall 1 of 7
Sector: Internet Software and Services 1 of 3
Type: Add-on Acquisition 1 of 6
State: Alberta 1 of 1
Country: Canada 1 of 2
Year: 2011 1 of 1
Size (of disclosed) 6 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 CryptoLogic

Toronto, Ontario, Canada

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

Buy $35M