GCA Altium

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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GCA is a trade name for GCA Corporation and its subsidiaries and other affiliates which include:

• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.