M&A News

Malta-based venture capital fund Vereeni Investments and private equity firm RB Capital have entered into an agreement to acquire a stake in casino games developer Green Jade Games.

Vereeni and RB Capital will pay a six-figure sum to acquire a significant stake in Malta and UK-licensed Green Jade, the in-house development studio established by William Hill’s MRG Group.

“Vereeni loves nothing more than investing in high-growth, high-potential gaming companies, and Green Jade really ticks all the boxes,” said Vereeni Investments founder and CEO Timothy John Heath. “Green Jade is led by experienced management that has the confidence, ability and creativity to push boundaries in our industry.

“We can already see from Green Jade’s content that this is a special team, and we are certain that the extra support we can provide will help them take things to the next level.”

Green Jade released its first slot title, Hammer of Fortune, last December and provides casino content to leading operators including Kindred Group.

“Working with Jesper, Ben and all the team at Green Jade is a truly exciting opportunity,” said RB Capital co-founder Julian Buhagiar. “The team is backed by some of the best investors in the business, and in just a few months they have built some of the best engaging IP in this industry.

“It’s a pleasure to be involved in such a unique business, and we are very confident about the long-term prospects for Green Jade.”

Green Jade Games managing director Benedict McDonagh added: “As a relatively young company in this space, the only way we can succeed is by creating the type of game-changing casino content that operators simply cannot do without.

“We have accepted this investment from Vereeni and RB because it not only allows us to scale our growth, but also provides access to an unparalleled network of iGaming expertise. We are absolutely delighted to be opening the next chapter in the Green Jade story alongside our investors.”