Raketech acquires Lead Republik for €1.4m

Raketech acquires Lead Republik for €1.4m

Online gaming performance marketing provider Raketech has completed the acquisition of data-driven igaming affiliate network Lead Republik for €1.4m (£1.2m/$1.6m).

Published 12th March 2020

The purchase price represents a multiple of approximately three times Lead Republik’s earnings before interest, tax, depreciation and amortisation for the past 12 months, as well as half of revenue over the last year.

The acquisition deal, which will see Lead Republik's staff join Raketech, also comes with additional earn-out payments based on a number of performance measures. Part of this earn-out, based on performance to 28 February 2021, is capped at €0.3m, while a further earn-out based on future perfromance to the same date in 2022 is not subject to any restrictions.

Registered in Malta, Lead Republik draws most of its revenue from Canada, New Zealand and Germany. As a result of the acquisition, Raketech said its revenue from outside the Nordics is expected to reach around 20% of the group total.

Read the full story on iGB.