Inspired Gaming Group, the UK-based open server-based gaming specialist, has agreed to a £74.4m ($113.5m) takeover from UK private equity firm Vitruvian Partners, bringing eight months of offer talks to a close.
The offer of 60p in cash per Inspired share on Tuesday represents a 21 per cent premium to the closing price on April 30, the last business day prior to the announcement of the takeover deal.
Inspired’s CEO Luke Alvarez told InterGaming this afternoon: “This new capital will enable us to grow the business more quickly. It will give us the financial horse power to roll out more new machines.
“We have created a successful estate in the UK and we now want to replicate that internationally. For instance the Italian market, with its VLTs and higher stake server-based gaming machines, has now become very important. Our first products will roll out shortly there.
“We already have casino product on the ground in Asia and are looking for further expansion there, as well as in various markets in Latin America. Legal gaming is expanding globally and we want to ensure that we are a leading player. The offer will also enable us to invest more in content development.”
The company’s management team will remain unchanged.
