ITALY - MCP backs Microgame as Cambria divests
International private equity fund Monitor Clipper Partners (MCP) has backed online game operator Microgame, in a deal thought to be valued in the tens of millions of Euros.
The transaction also sees UK fund Cambria divest its 10% stake in the company, which it acquired for EUR 5m in the summer of 2007. Cambria's main goal was to increase the company's turnover to EUR 40m by 2009.
Established in 1996, Microgame is an online game provider offering gaming solutions for fixed odds betting, horse race betting, skill games and poker, instant lotteries, bingo and National totalisator games.
In Italy, Microgame is the leading Service Provider for remote gaming market. The company reported EUR 85m in revenue last year.
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