In conjunction with the completion of the transaction, all existing employee share option programs in Relax Gaming will be. Kindred Group completes the acquisition of Relax Gaming Fri, 01 Oct, 2021 13:30 CET Kindred Group has on 1 October 2021 completed the previously announced acquisition of the remaining outstanding shares in Relax Gaming, a leading and rapidly growing B2B iGaming supplier. ![]() The transaction values the company at up to EUR 320 million on a cash and debt free basis (Enterprise value) and a total value of the outstanding shares of approximately EUR 295 million (Equity value). In order to secure continued integrity of Relax Gaming’s B2B customers, Kindred’s intention is to keep Relax Gaming as an independent entity within the Group with a separate Board of Directors and management team. Kindred has been invested in Relax Gaming since 2013, three years after the igaming supplier was founded, and was the largest owner, prior to the transaction, with 33.4 per cent of the outstanding shares. “Through this acquisition, we add a rapidly growing and profitable B2B business with a world-class product portfolio, giving us greater control over our casino, poker, and bingo offerings, and putting Kindred in a significantly better position to achieve our long-term strategy of increasing our focus on product differentiation and customer experience,” says Henrik Tjärnström, CEO of Kindred Group. Kindred Group plc (Kindred) has signed an agreement to acquire the remaining 66.6 per cent of the outstanding shares in Relax Gaming. It and supports them with an open distribution platform for third-party aggregation as well as proprietary poker and bingo products. Relax Gaming is a market leader in B2B iGaming software, designing and developing online casino games. Sweden.- Kindred Group has completed its 295m acquisition of the remaining 66.6 per cent of B2B supplier Relax Gaming. Kindred will pay an initial consideration of approximately €80 million, which will be settled in cash upon completion. But the total value of the outstanding shares is approximately €295 million (Equity value). Kindred Group announced on 2 July 2021 that it had entered into an agreement to acquire the remaining 66. The transaction values the company at up to EUR 320 million (Enterprise value). The transaction by Kindred Group values Relax Gaming at up to 320 million (US378.9 million) in cash and without debt, and a total value of outstanding shares of approximately 295 million. Kindred Group plc (Kindred) has agreed to buy the remaining 66.6 percent of Relax Gaming’s outstanding shares. Published on às 9h26 by Lucas Silva and translated by José Segadas.
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