Joffre Capital eyes buying control of Playtika – report
Personal equity firm Joffre Cash is seeking financing to fund a likely bid for regulate of mobile match developer Playtika (Nasdaq: PLTK), persons with know-how of the make a difference advised “Bloomberg” Very last thirty day period, Joffre Capital, which “Bloomberg” describes as a tech-targeted buyout agency commenced by Chinese dealmakers, acquired a 25.7% stake in Playtika.

The financial commitment organization is contemplating boosting its Playtika stake to turn out to be the bulk shareholder, according to the people today, who requested not to be discovered mainly because the information and facts is non-public, “Bloomberg” included.

Joffre Cash payed $21 per share very last thirty day period for a overall expense of $2.2 billion.

In February this 12 months, Playtika announced that it was analyzing unique strategies for maximizing its worth to shareholders. “As aspect of the approach, the Board intends to think about a whole vary of strategic alternatives, which could involve a sale of the organization or other achievable transactions,” the announcement claimed.

Playtika’s share price tag fell 45% amongst its flotation in January 2021 and yesterday’s report, to a cost offering the company a current market cap of $6 billion, which compares with $11 billion in the flotation.

Playtika’s share cost is at present down 2.76% at $12.32, giving a market cap of $5.081 billion.

Posted by Globes, Israel enterprise news – en.globes.co.il – on July 13, 2022.

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