Partis is pleased to have advised, US-based, Esports Technologies Inc. (Nasdaq: EBET), a leading global provider of advanced esports wagering products and technology on its execution of a definitive agreement to acquire Aspire Global’s (STO: ASPIRE) B2C business in a €65 million (c.$75.9 million) transaction.
Under the terms of the deal, Esports Technologies will acquire Aspire’s portfolio of B2C proprietary online casino and sportsbook brands, including Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. Strategically, Esports Technologies intends to utilize the multiple-brand acquisition to cross-sell esports wagering opportunities to increase its esports revenue, player bet transactions, and customers.
In the most recent 12-month period ending June 2021, Aspire Global’s B2C revenue was $73.9 million, and EBITDA was €8.2 million. During the same period, the B2C business recorded wagering of $1.8 billion and over 1.3 billion bets.
Upon completion of the acquisition, Aspire and Esports Technologies will enter into an agreement where Aspire will provide four years of managed services for the acquired brands, ensuring operational continuity while allowing Esports Technologies to scale its operations in key markets.
“The acquisition of Aspire’s B2C business will give us an opportunity to accelerate growth by offering esports wagering to 1.25 million new deposited customers. Our company is in a strong position to benefit from the heightened popularity and growing interest in esports.” - Aaron Speach, CEO of Esports Technologies Inc.
“It has been our pleasure advising Esports Technologies throughout the transaction. This deal catapults Esports Technologies forward as a wagering operator, providing immediate revenue scale. It also provides a significant opportunity to further increase esports revenue by cross-selling esports wagering opportunities to a significantly large, deposited customer base in the Aspire B2C business. Our congratulations to Aaron Speach and his outstanding management team at Esports Technologies on this transaction.” - Michael Campbell, Head of M&A Advisory, Partis.