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Our client Aspire Global has signed an agreement to sell its B2C segment to Esports Technologies.

11 October 2021

We are pleased to announce that our gaming client, Aspire Global has finalised an agreement to sell its B2C segment to the US-based Group, Esports Technologies. This divestment is pursuant to a review by Aspire Global of the B2C segment that was announced in March this year. Consideration for the deal amounts to approximately €65 million, comprising cash, debt and shares. The transaction also includes an agreement whereby Aspire Global will provide platform and management services to the purchaser for a period of four years, at an estimated value of approximately €70 million. Aspire Global’s B2C segment consists of several B2C brands, including the very successful Karamba brand.

Herzog’s Managing Partner, Gil White, led the team with the assistance of partners Itai Sarfaty, Liran Barak, Jenia Melkhior and associates Ethan Henshell and Yuval Haimovich.

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