Gopher Investment recently made a $250 million offer to the shareholders of Playtech to acquire its financial business Finalto. The 4.67% stakeholder at Playtech is taking steps to convince the board and shareholders.
On Tuesday the Gopher released a statement outlining significant aspects of its offer to Playtech. The investment company has asked Playtech’s Board to adjourn the company’s General Meeting, due to take place on 15 July 2021 or for shareholders to vote against the current offer they have offer from the Consortium.
Earlier in May, Playtech signed a binding agreement to sell its financial unit to Consortium led by Barinboim Group and backed by Leumi Partners Limited and Menora Mivtachim Insurance Limited.
Gopher has decided to clarify and give more details on who advises the firm in a statement they shared with LeapRate.
Gopher is an investment vehicle backed by investors with experience in gaming and financials, and is an affiliate of TT Bond Partners (TTB). TTB, through its Hong Kong regulated entity, TTB Partners Limited, which is advising Gopher on this transaction, is an investment and advisory firm based in Hong Kong, whose founders and professionals have over 30 years’ experience in the financial services industry investing and advising on over $250 billion of transactions in the US, Europe, and Asia.
TTB has significant experience in investing in assets in the technology-driven financial services sector. Recent investments include: Xen Financial, a next-generation investment platform providing fractionalised access to private markets; KASB, a stock brokerage in Pakistan, and creator of KTrade, Pakistan’s leading retail stock trading app; Finhabits, a US-based leading bilingual money app designed for Latinos’ financial success; Selfin, a digital microlending platform focused on financial inclusion of microenterprises in India; Aspen Digital, an innovative technology-driven platform that empowers asset and wealth managers to offer digital asset products with confidence, driving mass adoption of digital assets and blockchain technologies; Coherent, a Hong Kong based insurtech company building digital platforms for insurers; and M7 Real Estate, a UK and EU based real estate asset manager.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.