Posts Tagged ‘AbZorba Games’

Ficom Leisure advises mobile social casino gaming company AbZorba Games on sale to Novomatic subsidiary Greentube

London, UK, Mar. 19, 2015 – Ficom Leisure acted as the exclusive strategic advisor to AbZorba Games LLC in its sale of 100% shareholding to Novomatic’s subsidiary Greentube for an undisclosed sum.

The company with Greek roots is specialized in social casino gaming apps for mobile devices and will complement the Group’s integrated Novomatic Interactive gaming portfolio. The sale was completed in February and announced by Novomatic and AbZorba.

Ficom Leisure assisted in initiating the transaction, structuring the deal and advised AbZorba shareholders through negotiations, documentation and final closing.

Andrew Hughes, CEO and co-founder of AbZorba Games said “Ficom Leisure delivered an outstanding result for AbZorba and its shareholders with their specific expertise in the gaming industry and their superior access to the buyers interested in the social gaming segments”.

Christian Tirabassi, Senior Partner at Ficom Leisure said that he believes “In terms of the financial and other key criteria that were important to AbZorba shareholders and directors, we were able to create a competitive dynamic among several strategic buyers, leading to the selection of Greentube as the optimal partner.  Our firm’s gaming industry expertise in M&A and strategic advisory enables us to successfully approach key decision-makers and articulate the strategic benefits of an acquisition, which lead to a very successful result for AbZorba’s shareholders and operational managers Andrew Hughes and Manos Moschous retained as CEO and CTO”.