M&A Transaction Multiples - SNAI (Sindacato Nazionale Agenzie Ippiche)

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EPSILON M&A DEAL REPORT

Transaction Multiples for the Valuation of Private Companies

SNAI (Sindacato Nazionale Agenzie Ippiche) - Valuation Multiples - Videogame and software (consumer market)
<br />
Online Gambling

Global Games / SNAI (Sindacato Nazionale Agenzie Ippiche)

No EMAT : 23266

Announced Date : 24/01/2011

Type : Acquisition of Majority Stake

Deal Value : Yes

Acquirer : Global Games

Target : SNAI (Sindacato Nazionale Agenzie Ippiche)

Country : Italy

Sector of activity :

Software > Videogame and software (consumer market)
Internet > Online Gaming > Online Gambling

Business Description :

Founded in 1990 by Maurizio Ughi, SNAI is an online gaming and betting service provider . The company’s core business is the collection and acceptance of sport and horse racing bets and the...

Transaction multiples available

	EV/ Sales	EV/ Gross Profit	EV/ EBITDA	EV/ EBIT	Eq/ PBT	P/E	Price to Book	Specific multiple(s)
Historic		-		n.s.	n.s.	n.s.		-
Current		-

Rating :

	Multiple available
n.s.	Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

Number of EMAT Reports / sub-sector « Videogame and software (consumer market) » = 28
Number of EMAT Reports / sub-sector « Online Gambling » = 24

Example of comparable transactions on EMAT (same sub-sector):

13/05/2011

Betsson

Safepay Malta (Betsafe)

Malta

23480

10/04/2011

BetFred (Petfre)

The Tote (Horserace Totalisator Board)

England

23699

Source: Epsilon Research / EMAT