Fladgate was pleased to act on the sale of Red Tiger Gaming Limited, a leading online casino game software supplier to digital entertainment company, NetEnt.
The accelerated deal completed on Thursday 5 September 2019 with the initial consideration being £197m and up to £23m may be payable in addition in 2022 on an earn-out basis. The acquisition will enable NetEnt to continue to achieve its global reach whilst adding value to its players and operators.
Red Tiger was founded in 2014 by a group of industry veterans and has become a leading casino game developer in Europe and Asia.
NetEnt is a supplier of digitally distributed gaming systems used by some of the world’s most successful online gaming operators.
Fladgate’s team was led by Grant Gordon (Picture), supported by Corporate Partner Amy Collins, IP/Tech Partner Alan Wetterhahn, Tax Partner Hamilton Forrest, Senior Associate Orit Rioumine-Gold, Associates Ben Milloy and Emily Comber, and Trainees Laura Priestley and Tim Reinhard.
Involved fees earner: Amy Collins – Fladgate LLP; Emily Comber – Fladgate LLP; Hamilton Forrest – Fladgate LLP; Grant Gordon – Fladgate LLP; Ben Milloy – Fladgate LLP; Orit Rioumine Gold – Fladgate LLP; Alan Wetterhahn – Fladgate LLP;
Law Firms: Fladgate LLP;
Clients: Red Tiger Gaming Limited;