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Private equity firm plans €288m acquisition of Estonia’s OEG

19th March 2018 10:47 am GMT

Private equity firm Novalpina Capital has announced its intention to make a voluntary cash offer to acquire Tallinn-listed gaming operator Olympic Entertainment Group (OEG).

Odyssey Europe, a wholly-owned subsidiary of funds advised by Novalpina Capital, intends to make a voluntary takeover offer of €1.90 per share, valuing the business at approximately €288m.

OEG operates 117 land-based casinos across Europe and is also present online, with chief executive Madis Jääger acknowledging that the online business requires increased investment to meet [...]

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