STOCKHOLM, July 15, 2019 – LionCliff Capital, the Nordic investment banking firm, is delighted to have advised the shareholders in the strategic trade sale of Nordic gaming assets.
The assets sold under the transaction comprise a portfolio of Nordic gaming comparison and affiliate marketing sites that were acquired by XLMedia Plc as part of its bolt-on acquisitions of gaming assets in the Nordic region.
XLMedia Plc is the market-leading provider of digital marketing services, using proprietary tools and methodologies to generate high value for its customers. XLMedia Plc is a globally operating performance marketing company attracting paying users from varying online channels and directing them to online businesses. The company's revenues totalled above USD 117 mln in 2018, with adjusted EBITDA of USD 43.9 mln. The shares of XLMedia Plc are listed on the London Stock Exchange since 2014.
The sellers were advised by LionCliff Capital.
LionCliff Capital is a Nordic investment banking firm that provides advice and services to help clients with mergers & acquisitions (M&A), financing and other transactions. LionCliff Capital provides financial services to diversified client base that includes large corporations and emerging companies, government agencies, institutional investors and individuals. LionCliff Capital acts for clients throughout the Nordics and Baltics from its hubs in Stockholm, Tallinn, Riga and Vilnius.
Further information:
Mihkel Piirsoo
Co-Founder and Partner
Tel: +46 76 274 5987
E-mail: mihkel.piirsoo@lioncliff.com
