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Raketech acquires iGaming affiliate Lead Republik

11th March 2020 10:56 am GMT
Raketech

Stockholm-listed Raketech has acquired all of the assets of Malta-based iGaming affiliate Lead Republik for €1.4m.

The purchase price represents a multiple of approximately 3x EBITDA and includes the possibility of additional earnout payments based on certain performance measures.

Part of the earnout is capped up to a maximum of €0.3m until 28 February 2021, with part of the earnout uncapped, based on future performance up until 28 February 2022.

Lead Republik was founded more than 15 years ago and generates [...]

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