Accountancy firms, Crowe UK and Partis Capital, have partnered to advise the shareholders of B2B software development company, Singular, on the sale of its business to Flutter Entertainment.
Singular will sign over 100% of its shares to operator giant Flutter, and is the latest company to emerge from the partnership between Crowe and Partis, which provides a combination of M&A expertise and market access; aiding enterprises in the gaming sector with full support on all M&A advisory services.
Co-founder and Chief Business Development Officer of Singular, Darko Gacov, said: “This deal is a huge recognition of Singular and what we managed to build and it furthermore sets the foundation of an exciting next chapter. We look forward to exploring new challenges and opportunities, now being a part of the largest online betting and gaming company in the world.
"Working with Crowe UK, Partis Capital and DWF on the deal has been a really rewarding experience and their help and guidance throughout the process was invaluable in achieving an excellent outcome for the shareholders.”
Justin Edgar, Director at DWF, and Partner Edon Byrnes led the team who advised any legal aspects of the sale to the shareholders on the decision.
Partis Partners, Dan Beard and Stefan Hamann said: “The Crowe and Partis team have had the honour to support the strategic development of Singular over the past few years. It became apparent early in our collaboration that the Singular team had developed an industry-unique iGaming solution that created tremendous value for operators. We congratulate the Flutter and Singular teams on having the foresight to take advantage of this opportunity to create a very powerful partnership.”
Corporate Finance Partner of Crowe UK, Matteo Timpani, said: “It has been an absolute pleasure to support the Singular team throughout this transaction which represents another iGaming deal delivered by Crowe and Partis.
"The company and culture that the Singular shareholders managed to create is an amazing achievement. We look forward to watching both Singular and Flutter flourish following this important strategic acquisition and wish them every success in the future."