EveryMatrix, a famend B2B iGaming software program supplier, has made a public provide to amass all shares of Fantasma Video games AB, a outstanding developer of on-line on line casino video games based mostly in Sweden. The provide, priced at SEK 59 per share, totals SEK 209.8 million in money, reflecting a strategic transfer to bolster EveryMatrix’s gaming output and market footprint.
Acquisition particulars and market impression:
The proposed acquisition is ready to considerably improve EveryMatrix’s portfolio of choices, including well-known titles which are at the moment built-in with over 250 operators and loved by thousands and thousands of gamers throughout 50 international locations. Fantasma Video games is acknowledged for its robust administration staff and sturdy recreation manufacturing capabilities. The transaction is predicted to ship substantial synergies by combining the strengths of each corporations.
EveryMatrix is notably the most important video games aggregator on the earth by way of its SlotMatrix platform, which hosts over 29,000 video games from greater than 330 third-party studios, along with its personal in-house improvement inside Armadillo Studios. The addition of Fantasma’s choices would additional solidify EveryMatrix’s place as a pacesetter within the iGaming business.
Shareholder and market reactions:
Greater than 50% of Fantasma Video games shareholders have already signed binding agreements to promote their shares. Nonetheless, the success of the bid hinges on securing no less than 90% shareholder acceptance. As EveryMatrix stories, the acceptance interval for this provide is scheduled from September 19, 2024, to October 10, 2024, with EveryMatrix reserving the proper to prolong this window if vital.
The official Fantasma’s press launch offers insights concerning the provide. Its value represents a 21.4% premium over the closing value of Fantasma’s shares on September 17, 2024, the final buying and selling day earlier than the announcement. It additionally displays a 27.7% premium over the 30-day volume-weighted common value and a 33.4% premium over the 90-day common value, underscoring the worth EveryMatrix locations on Fantasma’s property and market potential.
This acquisition is a part of EveryMatrix’s broader technique to develop its content material providing and market attain. Beforehand, EveryMatrix has prolonged its iGaming platform, CasinoEngine, by way of partnerships with studios like Peter & Sons, enhancing its vary of obtainable titles.
The unbiased bid committee of Fantasma, comprising board members Antonia Svensson, Johan Styren, and Johan Köningslehner, has really helpful that shareholders settle for the provide. This suggestion is supported by a equity opinion from Svalner Skatt & Transaktion KB, affirming the monetary soundness of the proposal.
Main shareholders, together with Fredrik Johansson and KL Capital AB, controlling 50.79% of Fantasma’s shares, have agreed to settle for the provide, contingent upon assembly sure situations. The completion of this acquisition is topic to regulatory approvals and different customary situations.
EveryMatrix’s proactive method in buying Fantasma Video games highlights its dedication to enhancing its technological capabilities and repair choices within the iGaming sector, promising a extra diversified and sturdy platform for each gamers and operators globally.
