OnlineMergers & AcquisitionsIndustry

NeoGames completes acquisition of Aspire Global

NeoGames has completed its tender offer to acquire Aspire Global, with 99.31% of total shares tendered.

neogames aspire global 1 gi web image
Listen To Article

NeoGames made the offer to acquire Aspire on 17 January 2022, at a price of SEK 111.00 ($12.29) per share.

The acceptance period was then extended from 25 May 2022 to 14 June 2022 at 5.00pm (CEST).

The settlement date for shares tendered during this extended acceptance period is expected to be around 30 June. Any outstanding shares will be subject to a squeeze-out, which is expected to have been completed by 11 August.

Moti Malul will continue as CEO of the newly combined company; he will work alongside CFO Raviv Adler and President Tsachi Maimon.

NeoGames' current board of directors will remain unchanged.

“We are thrilled to complete this strategic transaction with the Aspire Global team, and to commence working on identifying potential opportunities to capitalise on the merger of our platforms,” said Malul.

The offer was funded through a combination of approximately $264m in cash and around 7.6 million newly issued NeoGames shares.

NeoGames received fully committed debt financing from Blackstone Alternative Credit Advisors, in the form of a €187.7m ($198m) term loan, this loan was used to partially fund the cash terms of the offer.

“We at Aspire Global are extremely excited to join the NeoGames team to execute on our mutual goals following the completion of this transaction. We view this transaction as the natural next step for our company, as we further enhance our scale and competitive position across all business lines,” said Maimon.

The Aspire board of directors recently applied for delisting of the company’s shares from the Nasdaq First North Premier on 15 June 2022, in preparation for the finalisation of the takeover. 

Premium+ Connections
Premium Connections
Executive Profiles
Sightline Payments
Sightline Payments
TalkSport Bet
Kindred Group

Global Gaming Awards Asia: What to expect in 2023

Gambling Insider looks ahead to the Global Gaming Awards Asi...

The power of the rebrand

With the help of industry experts, Gambling Insider Editor T...

Evolution Europe CEO Gionata La Torre: The Italian job

Evolution Group’s new CEO Europe, sits down with Gambling...

Big Question: How can slots innovate from here?

Simon Hammon, CEO of Relax Gaming, Erkki Nikunen, Partner &...

Read Magazine

22 March, 2023

Asia bulletin: Bloomberry terminates deal to invest in PH Travel and Leisure

Bloomberry Resorts has terminated a deal sheet between itself and PH Travel and Leisure Corp, for a proposed investment in PH Travel and Leisure subsidiaries Lapulapu Leisure and Clark Grand Leisure Group.