The purchaser was advised by FinRes out of Dublin and London-based law firm Mayer Brown.
Commenting on the transaction, managing partners Thomas Brunet and Kyle Carlston said, The sports betting industry is maturing and moving towards the direction of modern financial markets. Offering the tightest lines with the highest limits, Pinnacle Sports is one of the most respected bookmakers with its ever evolving proprietary trading system at its core. The company has customers in over 100 countries and is available in over 15 languages. Alternative Trading Partners Advises on the Sale of a Controlling Interest in Pinnacle Sports
Alternative Trading Partners (ATP), a Las Vegas-based boutique M&A firm specializing in the gaming industry, has advised the existing shareholders of the online sports betting operator Pinnacle Sports on the sale of a controlling interest in the business.
Curacao-based Pinnacle Sports is one of the worlds largest, licensed, online sportsbooks and also offers casino products. It took a buyer with a forward-looking vision and financial background to bring this transaction to a successful conclusion.”
Alternative Trading Partners
Thomas Brunet or Kyle Carlston
. Pinnacle Sports has always been, and still remains to this day, at the forefront of this evolution. It is known to be among the most competitive sportsbooks offering the lowest margins, the highest limits and welcomes professional bettors.
The ATP team was led by managing partners Thomas Brunet and Kyle Carlston, assisted by London-based law firm Nabarro