Two private equity firms backing David Baazov's bid to acquire Amaya appear to have increased their funding commitment, with KBC Aldini Capital and Ferdyne Advisory removed from the bid.

This follows events this week which saw KBC Aldini deny any involvement in the bid, followed by Baazov's confirmation that he had received a fake commitment letter purportedly from the firm. The reason for Ferdyne Advisory's removal is not know.

Head & Shoulders Global Investment Fund has already reiterated its commitment to the deal after the KBC Aldini revelation, while Goldenway Capital director Ricky Jai told Gaming Intelligence that his company was prepared to increase its investment in order to see the CAD$24 per share bid succeed.

Shares in Amaya Inc (Co.Data) (TSX:AYA) closed in Toronto Thursday at CAD$18.79 per share.

Related