International Game Technology PLC (NYSE:IGT) agreed to acquire ISBT Holdings Limited for Ç160 million on April 8, 2022. For the 2021 fiscal year, iSoftBet generated revenue of approximately Ç30 million and EBITDA of approximately Ç8 million. The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions. Oakvale Capital LLP is acting as lead financial advisor to IGT. Benjamin M. Roth, David E. Kahan, Jodi J. Schwartz, Nelson O. Fitts, Franco Castelli, John R. Sobolewski and Swelyn B. Goldberg of Wachtell, Lipton, Rosen & Katz is acting as legal advisor to IGT and KPMG LLP is acting as tax and financial due diligence advisor to IGT. M. Firon & Co. and Wiggin LLP acting as legal advisor to iSoftBet. BDO Israel is acting as independent registered public accounting and tax firm of iSoftBet.
International Game Technology PLC (NYSE:IGT) completed the acquisition of ISBT Holdings Limited on July 5, 2022.