Acquisitions of 8Ball, Netboost and Tarco by Stride Gaming Plc

Deal typeTransaction Services
IndustryLeisure

BDO undertook financial due diligence and provided share purchase agreement advice for Stride’s acquisitions of 8Ball, Netboost Media and Tarco assets, which have a combined initial consideration of £30m and potential earn-out of up to £40m. In conjunction with the above acquisitions, Stride has also successfully raised £27m from a further placing on AIM. Stride has also been in discussions with a first tier bank and has received a credit approved term sheet for a four year £8m term loan facility. BDO also provided due diligence for the proposed bank financing and support for the capital markets transaction.

“I would like to thank the BDO team for their hard work and dedications in delivering top class financial due diligence work under a tight timetable whilst dealing with multiple challenges throughout the process. It was really a top class performance!”  

Ronen Kannor, CFO, Stride Gaming Plc