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Vitruvian sells Inspired to Lorne Weil’s Hydra Industries for £200m

14th July 2016 11:49 am GMT

Private equity firm Vitruvian Partners has agreed to sell Inspired Gaming Group to Hydra Industries in a deal that values the virtual sports and betting terminal specialist at £200m (US$264m).

The acquirier, Hydra Industries Acquisition Corporation, is a “blank cheque” company that was formed for the purpose of completing such an acquisition, and raised $80m via an initial public offering in October 2014.

It was formed by former Scientific Games chief executive Lorne Weil, who will become [...]

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