London-based private equity firm Novalpina Capital acquired Romanian gambling operator MaxBet, the Romanian company said on Thursday.
Following the transaction, the MaxBet Romania group will benefit from the expertise and experience of Novalpina Capital, which has a strong presence in multiple fields of activity, such as healthcare, B2B, software and gambling, it said in a press release.
According to local media, the transaction would amount to more than 250 million euro ($296 million).
“We want to innovate and to expand both geographically and digitally. This transaction coincides with new investments that allow us to continue to grow. Belonging to such a strong group will bring strategic support and capital,” MaxBet Romania CEO Ioana Bazavan said.
“Investments will not be limited to opening up new locations, but also to create added value by improving customer experience in MaxBet game rooms and employee specialization,” she added.
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.