Interblock acquired by Oaktree Capital Management

Interblock has been acquired by funds managed by Oaktree Capital Management

Interblock has been acquired by pecuniary resource managed by Oaktree Capital Management.

The developer and supplier of electronic tabulate games (ETG) noted that Oaktree has a long chronicle of successful investments inwards gaming and leisure time companies. This includes deals with J&J Ventures and Cannery Casino Resorts.

The aggroup added that it will uphold to innovate with unexampled package and products for the welfare of its customers and players around the globe, and that it will continue to operate as an independent business.

“We make delivered robust ontogeny over the yesteryear sixer years, which can live attributed to the company’s dedicated team up of ETG specialists, best inwards family product portfolio, information impelled conclusion making and our continued focus on innovation,” said Interblock Global CEO Gospel According to John Connelly.

“There is important momentum within the Electronic Table Game sector, making it the redress clip to partner with unity of the largest common soldier equity firms inward the world - Oaktree. Such advance would non hold been possible without the leadership and innovative eyeball of our outgoing Chairman, Joc Pečečnik, who has contributed significantly to both Interblock’s evolution and the gaming industry overall.

“Moving forward, we are excited about our partnership with Oaktree and the ability to further speed up our momentum, concentrating on both organic fertiliser ontogeny and possible acquisitions.”

Interblock also noted that the ETG marketplace has experienced speedy growth lately, with an acceleration inward espousal occurring during the pandemic.

David Quick, Managing Director inward Oaktree’s Special Situations Group and Board Member of Interblock, commented: “We looking at forrard to beingness a part of this exciting unexampled chapter for Interblock, which boasts substantial market place leaders inwards an implausibly fast-growing industry, an attractive financial profile and durable client relationships.

“We will act nearly with Saint John and the company’s world-class leading team up to move on the maturation project and accomplish their long-term visual sensation for the business.”