Playtech sells Snaitech to Flutter Entertainment at enterprise value of €2.3 billion

LONDON: Playtech plc has entered into a definitive agreement for the sale of Snaitech S.p.A. and certain of its subsidiaries to Flutter Entertainment Holdings Ireland Limited for a total enterprise value of €2.3 billion in cash. Snaitech is one of the leading Italian B2C sports betting and gaming companies in online and retail, and employs…

Orkla ASA acquires New York Pizza at an enterprise value of EUR 145 million

OSLO, NORWAY: Orkla ASA has entered into an agreement to purchase 75% of the shares in New York Pizza, one of the leading pizza chains in the Netherlands. Last year, New York Pizza sold 11.5 million pizzas and had total turnover of EUR 54.7 million (including dough manufacturing turnover), equivalent to approximately NOK 555 million.…

Wordline SA to acquire Greece based Cardlink at an enterprise value of €155 million

BEZONS, FRANCE: Worldline SA signed a bidding agreement for the acquisition of 92.5% of the share capital of Cardlink, the leading Network Services Provider in Greece, at an enterprise value of €155 million, a news release said. Gilles Grapinet, Worldline’s Chairman and CEO, said: “The acquisition of Cardlink is a significant development in our Group…

SCEE to acquire Trivantage for an enterprise value of up to $53.5 million

SYDNEY: Southern Cross Electrical Engineering Limited (SCEE) has executed a Share Purchase Agreement to acquire 100% of Trivantage Holdings Pty Ltd from the current shareholders for an enterprise value of up to $53.5 million on a debt free basis. Completion is expected to occur in mid-December 2020. With over 50 years of operational experience, Trivantage…