Transaction Details

May 6, 2014
London

Sector

Technology

Deal Type

M&A

Deal Value

£18.0 m

Deal Team

Stephen Georgiadis, Tim Richardson, Declan O’Connor

Acquisition of Probability by GTECH

GCA Altium acted as exclusive financial adviser to GTECH (market capitalisation c. €4bn) on its acquisition of AIM-listed Probability. GCA Altium was appointed due to its track record of public company transactions coupled with its profound knowledge of the software sector.

GCA Altium guided GTECH through a complex, competitive transaction, providing advice on valuation, bid tactics and the application of the Takeover Code.

GTECH, listed on the Milano Italia Borsa, is a leading operator and provider of technology in regulated gaming and lottery markets worldwide. GTECH was formerly known as Lottomatica and is majority owned by the De Agostini Group.

Probability develops and provides online and mobile gaming technology and services. It is headquartered in the UK with additional offices in Gibraltar and Switzerland.

Acquiring Probability will allow GTECH to accelerate its progression in the online and mobile gaming space.

The takeover was completed by way of a scheme of arrangement.

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