Divestiture • Software

Vitruvian Partners Acquires OpenBet

On January 13, 2011, private equity firm Vitruvian Partners acquired software company OpenBet from NDS Group for 208M GBP

Acquisition Context
  • This is Vitruvian Partners’ 1st transaction in the Software sector.
  • This is Vitruvian Partners’ largest (disclosed) transaction.
  • This is Vitruvian Partners’ 5th transaction in the United Kingdom.
Investment Fate
  • OpenBet was sold to a publicly-traded strategic buyer in 2016 for 270M GBP.
  • 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.

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M&A Deal Summary

Date January 13, 2011
Target OpenBet
Sector Software
Buyer(s) Vitruvian Partners
Sellers(s) NDS Group
Deal Type Divestiture
Deal Value 208M GBP

Target Company

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 Overview 1

Buyer

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B 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 €40 to €600 million in transactions valued between €75m to €4bn. 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 Context for Buyer #
Overall 6 of 69
Sector: Software 1 of 6
Type: Divestiture 2 of 5
Country: United Kingdom 5 of 28
Year: 2011 1 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-04 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.

Buy £134M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Verastar

Sale, United Kingdom

Verastar is a UK provisioning marketplace, matching suppliers of a growing range of essential business services with a highly fragmented micro-SME customer base.

Buy -

Seller Profile 1

SELLER

NDS Group

Staines, United Kingdom

Category Company
Founded 1985
Sector Software
DESCRIPTION

NDS Group Ltd. is a provider of video software and content security solutions that enable service providers and media companies to securely deliver and monetize new video entertainment experiences.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2011 1 of 1

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