Global payment solutions company ecash has been sold to Everi Holdings, an NYSE-listed casino gaming and technology company.
Firm: Gilbert + Tobin (Everi Holdings).
Value: Undisclosed.
Area: M&A, corporate.
Key players: The G+T team was led by corporate advisory partner David Josselsohn, lawyers James Soussa and Clare Azzopardi and summer clerk Louisa Sinclair. The corporate team was also supported by specialists throughout the firm.
Deal significance: Ecash is an Australia-based global payment solutions company that specialises in innovative cash-handling technology and payment solutions for the broader gaming industry in Australia, Asia, Europe and the United States.
Everi Holdings is a provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions. Ecash’s products and technologies will represent a strategic extension of Everi’s current suite of financial technology solutions within the fintech segment.
Commenting on the deal, Mr Josselsohn said: “We are pleased to have advised and supported the founders of ecash on this milestone transaction and are excited to watch ecash’s growth under Everi’s ownership.”
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
