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Other Industries | TMT

TonyBet has acquired A Nossa Aposta

TonyBet enters the Portuguese market with the acquisition of A Nossa Aposta from Cofina.

TonyBet was established in 2011 in Estonia and it is considered to be at the forefront of the gambling industry. For over 11 years, the company has strived to provide one of the safest, fairest and most trusted online betting environments for players worldwide. TonyBet, operating on the SoftLabs gaming platform, has grown exponentially in the last two years and in multiple jurisdictions across the world, with nine online gambling licenses and nine international offices.

A Nossa Aposta is an online gaming and betting company founded by the Portuguese media group Cofina in 2016. The company’s offering includes virtual slot machines, French roulette and blackjack, as well as sports betting offering to bet on the most important sport events worldwide.

Cofina is one of the leading players in the Portuguese media segment. Founded in 1990, Cofina currently holds a portfolio of four newspapers, two magazines and a TV cable channel. The company is focused on sustainable return on equity either through organic growth or new acquisitions. Cofina is listed in the Portuguese stock exchange since 1998.

Oaklins’ teams in Latvia and Portugal acted as buy-side advisors to TonyBet, establishing contact with the seller and throughout the acquisition process. Financial and legal advice to the shareholder of TonyBet was provided by Vincit Union.

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M&A buy-side
Parties

Talk to the deal team

 Reinholds R. Razums

Reinholds R. Razums

Senior Associate
Riga, Latvia
Oaklins Baltics
 Valērija  Lieģe

Valērija Lieģe

Partner
Riga, Latvia
Oaklins Baltics
 Pedro  Pinheiro

Pedro Pinheiro

Partner
Lisbon, Portugal
Oaklins Monsanto
 Diogo  Torrado

Diogo Torrado

Partner
Lisbon, Portugal
Oaklins Monsanto

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