The iGaming sector attracts more private equity and venture capital every year, but regulatory complexities make standard due diligence insufficient. We provide the industry-specific knowledge that generalist M&A teams lack.
Review of the business model, key metrics (GGR, NGR, LTV, CAC, churn), technology, team, and the target's competitive positioning.
Review of license status, history with regulators, AML/KYC compliance, hidden regulatory liabilities, and license transfer feasibility.
Valuation of iGaming operators, technological platforms, license portfolios, and client databases using industry-specific methodologies.
Preparation of the data room, drafting of the IM (Information Memorandum), and seller representation in the sales process to maximize exit value.
Typically between 3-8x EBITDA depending on the type of asset, jurisdiction, stage, and growth. Regulated technological platforms with solid licenses can achieve higher multiples.
It depends on the jurisdiction. In Spain (DGOJ) and Malta (MGA) it is possible but requires prior regulatory approval. In others like Curaçao, the transfer is more agile.
A complete process (from mandate to close) usually takes between 4 and 9 months, depending on regulatory complexity and the number of parties involved.