Acquisition would expand Winvia’s footprint in the United Kingdom prize draw market
Winvia Entertainment has entered into an agreement to acquire UK-based prize draw platform Rev Comps for £11.8 million in cash.
The asset purchase agreement (APA) with Robert Savage, Peter Savage and Amy Savage (the sellers) will see Winvia acquire the trade, business and key assets of Rev Comp, which gives entrants the chance to win vehicles (cars, bikes, vans), technology, holidays, and cash prizes.
The acquisition is conditional upon the migration of Rev Comps onto Winvia’s core technology platform, and certain customary conditions to be satisfied prior to completion, which is expected to occur by 1 July.
Based in the United Kingdom, Rev Comps is a family-run, digitally-led prize draw platform offering daily and scheduled draws to a growing customer base.
For the financial year ended 31 May 2025, Rev Comps generated revenue in excess of £80 million and profit before tax of £2.1 million.
“The acquisition of Rev Comps represents another important step in delivering our strategy,” said Winvia CEO Mihai Manoila. “Rev Comps is a high‑quality business with a strong customer base and brand presence, and we believe that integrating the platform onto Winvia’s proprietary technology will significantly enhance performance.
“The acquisition further strengthens Winvia’s position as a consolidator in the UK prize draw market and supports the group’s ambition to deliver sustainable, cash‑generative growth for shareholders. The group continues to engage with a number of exciting potential acquisition targets in the UK Prize Draw sector.”
Under the APA, Winvia will pay £11.8 million in cash in three instalments; at completion (45 per cent); subject to final determination of Rev Comp’s audited accounts for the year end 31 May 2026 (34 per cent); and a deferred portion payable on the second anniversary of completion (21 per cent).
In addition, the sellers will also be entitled to earnout payments based on achieved adjusted profit before tax growth of the business for the two financial years ending 31 December 2027 and 31 December 2028, compared to adjusted profit before tax in Rev Comp’s audited accounts for the year ending 31 May 2026.
The acquisition will be funded from Winvia’s existing cash resources and is expected to be earnings enhancing in the first full financial year following completion.
Following completion, key management of Rev Comps will remain employees within the business.
Shares in Winvia Entertainment plc (LSE:WVIA) were trading 3.03 per cent lower at 230.30 pence per share in London earlier Tuesday, as the company released its final results for 2025.