At what enterprise value was LOTTOMATICA acquired in 2020?

During the acquisition of LOTTOMATICA by GAMENET GROUP in 2020, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of LOTTOMATICA when it was acquired by GAMENET GROUP?

The estimated EV/EBITDA multiple for LOTTOMATICA is in the range of below 5x.

When was LOTTOMATICA acquired by GAMENET GROUP?

LOTTOMATICA was acquired by GAMENET GROUP in 2020.

What was the revenue of LOTTOMATICA at the time of the deal?

The revenue of LOTTOMATICA at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of LOTTOMATICA during the acquisition?

LOTTOMATICA's EBITDA is estimated to be in the range of 150M - 250M EUR.

How is the data for the LOTTOMATICA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the LOTTOMATICA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://lottomaticagroup.com/Lottomaticagroup.com/media/library_documents/Investors/Gamma-Bidco-Signing-Press-Release-071220.pdf

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Home Database Retail & ConsumerLOTTOMATICA

12/2020

LOTTOMATICA acquired by GAMENET GROUP

ITALY Gambling & Betting EV 500M - 1.5b EUR

Context

IGT’s Italian B2C businesses has been acquired by Gamenet Group, a subsidiary of the Apollo-backed Gamma Bidco. Strategically, this acquisition marks the creation of the undisputed market leader in the Italian gaming sector, effectively doubling the group’s size and significantly enhancing its competitive moat across online and retail channels. The rationale for the deal centers on achieving significant cost synergies—projected at up to 50 million EUR annually within 24 months—and the vertical integration of high-quality B2C assets. Despite the market uncertainty of the COVID-19 pandemic, the transaction demonstrates a strong conviction in the resilience of the Italian regulated gaming market and the scalability of Gamenet's platform.

LOTTOMATICA, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Retail & Consumer sector (10.6x).

-> Deep-dive in Retail & Consumer market trends

Target

Lottomatica’s B2C divisions represent the Italian retail and online gaming operations of International Game Technology (IGT). The business operates as a leading multi-channel provider in the Italian gaming market, with a dominant presence across online gaming, sports betting, and gaming machines. Its operational infrastructure includes a comprehensive network of Amusement with Prize (AWP) machines and Video Lottery Terminals (VLTs) distributed throughout Italy. The company’s business model is built on high-volume transaction processing and a diversified gaming portfolio that caters to a broad consumer base through both digital platforms and physical points of sale. By leveraging recognized brand equity and a robust technological framework, the firm maintains a high degree of market share in the regulated Italian betting sector. The company's value proposition is centered on providing a secure and regulated gaming experience, supported by a sophisticated data-driven approach to customer management and odds-setting.

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LOTTOMATICA by GAMENET GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.