Kindred

Canaccord Genuity Acted as a Financial Adviser to Kindred on its strategic review and SEK28bn (€2.6bn) recommended cash offer from FDJ

Canaccord Genuity is pleased to announce it acted as financial adviser to Stockholm-listed online gaming operator, Kindred Group plc (“Kindred”), on its strategic review that concluded with a SEK130 per share recommended public cash offer from La Française des Jeux SA (“FDJ”), valuing Kindred at SEK28bn (€2.6bn).

Kindred is among the Top 5 Western European Online Betting & Gaming operators, active in 7 out of the top 10 markets, providing  sports betting, casino, poker, bingo as well as content production and aggregation, with operations across Europe, North America and Australia.  Key brands include: Unibet, 32Red and Relax Gaming.

FDJ is France’s national lottery and a leading betting and gaming operator, ranked as the #2 lottery in Europe and #4 worldwide.  It is listed on Euronext and owned 20% by the French State.

The combination is expected to create the second largest European gaming operator