May 16, 2011 - Assignment

Betsafe acquired by Betsson

Betsafe, a privately-held gaming company based on Malta, has been acquired by Betsson. The transaction values Betsafe at a maximum of EUR 60 million, based on an up-front purchase price of EUR 32.5 million and a contingent, additional purchase price of up to EUR 27.5 million.

Betsafe offers sports betting, casino and poker to clients primarily in the Nordic countries. Betsson invests in and administrates shareholdings in companies offering games to end users via the Internet. Betsson’s share is listed on NASDAQ OMX.

Betsafe’s majority owners are advised by Mannheimer Swartling in the transaction. The matter is handled by Isabella Ramsay, assisted by Siri Öhman and Henrik Dock.