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Arcadia in a winning deal with Evolution Gaming!

Raphael Schachat Adi Golding Adina Gluckman Shachar Porat Ehab Farah (DR.) Karen Elburg Itai Sarfaty Dan Shalev Nir Gal Daniel Lipman Lowbeer

20 October 2024

We are proud to have advised Arcadia Gaming Solutions (acquired by Evolution), an iGaming technology company based in Amsterdam, on its sale to Gaming Technology Group.

The deal, expected to close by the end of 2024 (subject to closing conditions), includes an up-front cash consideration of $2.5 million, with an earn-out in 2027 based on the performance of Arcadia’s games.

We are thrilled to have played a role in bringing these two innovative companies together and look forward to seeing what the future holds for them!

Kudos to Herzog Partners Itai Sarfaty, Adina Shapiro, Dr. Ehab Farah, Daniel Lipman Lowbeer, Karen Elburg, Nir Gal, Dan Shalev and Shachar Porat; Associates Adina Gluckman, Raphael Schachat and Adi Golding; and intern Avihou Levi whose professionalism paved the way for the deal.

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