Crowe UK and Partis Capital have combined to advise the shareholders of Singular, a leading B2B software development company, on the sale of the business to Flutter Entertainment (LSE: FLTR), the world’s largest global online betting, gaming and entertainment provider.
This deal is the latest to emerge from the collaboration of Crowe and Partis. The M&A expertise and unrivalled market access that the combination of Crowe and Partis brings offers enterprises in the Gaming sector a fully supported end to end M&A advisory service from pre-sale preparation through to deal execution and earnout delivery support.
Crowe and Partis advised the shareholders of Singular on the sale of 100% of its shares. The Crowe team was headed by Corporate Finance Partner Matteo Timpani and supported by James Smith and Toby Anthony. The Partis team was headed up by Partners Stefan Hamann and Daniel Beard.
Justin Edgar and Edon Byrnes led the team from DWF who advised the shareholders on the legal aspects of the sale.
“This deal is a huge recognition of Singular and what we managed to build and it furthermore sets the foundation of an exciting next chapter. We look forward to exploring new challenges and opportunities, now being a part of the largest online betting and gaming company in the World. Working with Crowe UK, Partis Capital and DWF on the deal has been a really rewarding experience and their help and guidance throughout the process was invaluable in achieving an excellent outcome for the shareholders.” - Darko Gacov, Co-founder and Chief Business Development Officer of Singular
“It has been an absolute pleasure to support the Singular team throughout this transaction which represents another iGaming deal delivered by Crowe and Partis. The company and culture that the Singular shareholders managed to create is an amazing achievement. We look forward to watching both Singular and Flutter flourish following this important strategic acquisition and wish them every success in the future." - Matteo Timpani, Corporate Finance Partner, Crowe UK
The Crowe and Partis team have had the honour to support the strategic development of Singular over the past few years. It became apparent early in our collaboration that the Singular team had developed an industry unique iGaming solution that created tremendous value for operators. We congratulate the Flutter and Singular teams on having the foresight to take advantage of this opportunity to create a very powerful partnership. Dan Beard & Stefan Hamann – Partners, Partis.