JPJ

Canaccord Genuity acts as Sponsor and Co-Financial Adviser to JPJ Group plc on its £490m Acquisition of Gamesys

Canaccord Genuity’s Investment Banking team is pleased to announce it has acted as Sponsor, Co-Financial Adviser and Broker to JPJ Group plc (“JPJ” or the “Group”) in relation to the acquisition of the business of Gamesys (Holdings) Limited ("Gamesys"), excluding sports brands and games (the "Acquisition").

JPJ is a leading online bingo-led operator listed on the main market of the London Stock Exchange. The Group currently offers online bingo, slots and casino games to its customers through its subsidiaries using the Jackpotjoy, InterCasino, Vera&John, Starspins and Botemania brands.

Gamesys is a developer of platform software and bingo games for, and an operator of, real money online gaming websites and apps. Gamesys makes available real money online slots, casino, bingo, poker (on certain UK websites and apps) and instant win games to end users on a B2C basis in the UK under the websites and apps branded "Virgin Games", "Heart Bingo" and "Monopoly Casino" and in partnership with Tropicana in New Jersey, USA under the websites and apps branded "Virgin Casino".

Completion of the Acquisition, for a total of c.£490m, comprising £250m in cash and c.£240m via newly issued shares, is subject to shareholder approval and customary conditions (including regulatory conditions). The enlarged group will be renamed Gamesys Group plc.

The transaction team consisted of George Fleet and Emma Gabriel with support from Richard Andrews and Georgina McCooke.