GCA Altium is now part of Houlihan Lokey

Transaction Details

April 10, 2006
Stockholm

Sector

Digital Media and Media

Deal Type

M&A

Deal Value

N/D

Deal Team

Kristoffer Kalleskog

EssNet’s gaming business sold to Aristocrat Leisure

EssNet Interactive: joint venture between Sweden-based EssNet and Australia-based Tattersall’s

EssNet Interactive (Interactive) is a joint venture between EssNet, the Swedish provider of gaming services, and Tattersall’s Limited, the Australia based provider of gaming services. EssNet holds an 85% stake in Interactive and is based out of Sweden. The company specialises in online lottery systems and terminals to run numbers games, sports betting, instant tickets and mobile games on a national level.

The EssNet Interactive division develops, manufactures and markets next generation interactive systems and video terminal hardware and software, and notably in November 2003 was awarded a contract by Norsk Tipping, the Norwegian lottery, for the supply of an interactive video lottery system and around 10,000 terminals.

Artistocrat Leisure to acquire EssNet Interactive for $51m

Australian gaming machine manufacturer Aristocrat Leisure has acquired Swedish high technology gaming company EssNet Interactive for about $51m, giving Aristocrat exposure to the fast-growing interactive, server-based video lottery market. As part of the deal Tattersall has also sold its 25.16% stake in Interactive to Aristocrat.

Aristocrat said use of the video lottery technology will accelerate development of in-casino and cross-casino server-based content delivery within its traditional markets. Aristocrat chief executive Paul Oneile said the acquisition was a key strategic opportunity to venture into a new area of the global gaming market. “We anticipate that the demand for this type of product offering will grow significantly in future years in many jurisdictions, especially in Europe and Asia,“ Oneile said.

GCA Altium acted as advisor to the sellers.

Related Transactions

Previous
All transactions