Fantasma’s Independent Bid Committee, composed of independent board members, has officially recommended that shareholders support the takeover bid proposed by EveryMatrix. The public offer, which has received the committee’s endorsement, values Fantasma at SEK209.8 million (£15.6 million/€18.5 million/$20.6 million).
Offer details and acceptance period
Shareholders will have the opportunity to accept the offer of SEK59 per share in cash starting tomorrow (Thursday). The acceptance period will remain open until 10 October. This strategic move is seen as a significant step forward for both companies involved.
Strategic implications
The takeover bid by EveryMatrix is expected to generate substantial value for Fantasma shareholders and aligns with the long-term strategic vision of the company. The recommended offer not only reflects a premium over current market valuations but also signifies a strong future partnership potential between the two entities.
Call to action for shareholders
Given the Independent Bid Committee’s recommendation, shareholders are strongly encouraged to review the offer details and consider the financial and strategic advantages presented by this acquisition opportunity.
EveryMatrix’s premium offer boosts Fantasma share price
EveryMatrix has presented an offer that stands 40% above Fantasma’s closing share price of SEK48.60 as recorded yesterday on the Nasdaq First North Growth Market Sweden. This proposal also aligns with a significant 69% premium on the average price over the past 30 days up to and including yesterday’s date.
Following the announcement today, Fantasma’s share price experienced a remarkable surge, climbing by over 18% to reach SEK57.50. This substantial rise underscores the strong market reaction and confidence in EveryMatrix’s strategic move.
Fantasma reported an impressive EBITDA of €395,000 for Q2, representing a robust profit margin of 36%. The company is set to bolster its net sales by 33% this year, slightly surpassing its previously announced 30% growth target. However, a full-year expected EBITDA margin of 47% falls just short of the 50% target previously communicated.
Financial highlights
| Metric | Q2 2023 | Q2 2024 Forecast |
|---|---|---|
| EBITDA | €395,000 | €525,000 |
| Profit Margin | 36% | 47% |
| Net Sales Growth | – | 33% |
Growth targets overview
- Net Sales Growth Target for 2024: 33%;
- Previous Net Sales Growth Target: 30%;
- Full-year EBITDA Margin Expectation: 47%;
- Previous Full-year EBITDA Margin Target: 50%;
Fantasma’s continued growth and strong financial performance indicate a positive trajectory, despite minor shortfalls in profit margin goals. This sets the stage for a promising year ahead as the company leverages its strategic initiatives to drive value and achieve its objectives.
EveryMatrix’s strategic acquisition of Fantasma Games
EveryMatrix is set to make a significant strategic move with the planned acquisition of Fantasma Games, a decision that hinges on receiving approval from at least 90% of its shareholders. This acquisition would notably bolster EveryMatrix’s game portfolio, enhancing its standing in the competitive igaming software industry.
Fantasma Games currently boasts an impressive reach, with its titles being integrated with over 250 operators in more than 50 countries worldwide. This widespread integration underscores the potential value that EveryMatrix stands to gain from the acquisition, providing an impetus for shareholders to support the deal. The strategic significance of this move cannot be overstated; it presents an opportunity for EveryMatrix to leverage Fantasma’s extensive network and diverse game offerings.
With the integration of Fantasma’s innovative gaming solutions, EveryMatrix aims to deliver enhanced gaming experiences to its clients, thereby solidifying its market presence across various jurisdictions. This acquisition aligns with EveryMatrix’s broader strategy of expansion and diversification within the igaming sector, ensuring sustained growth and increased competitiveness.
Bolstering market presence
The anticipated merger between EveryMatrix and Fantasma Games is more than just a strategic acquisition; it represents a concerted effort to elevate EveryMatrix’s market presence. By integrating Fantasma’s innovative titles, EveryMatrix gains access to a well-established portfolio, fostering opportunities for enhanced engagement and revenue streams.
Future prospects
Upon successful completion, the acquisition is expected to unlock numerous synergies, enabling EveryMatrix to cater more effectively to the needs of its expanding clientele. This move is anticipated to be a key driver for future growth, positioning EveryMatrix at the forefront of the igaming industry.
In a groundbreaking announcement this July, EveryMatrix proudly reported an unprecedented quarterly revenue of €42.4m for Q2, fueled by year-on-year growth across all their product lines.
EveryMatrix’s EBITDA also showcased remarkable growth, reaching an all-time high of €25.1m. This figure reflects a 67.3% increase over the prior year and a 12.6% rise from Q1’s previous record.
These astonishing Q2 results were disclosed mere days after EveryMatrix revealed its strategic acquisition of the sportsbook and platform specialist, FSB Technology.
The upward trajectory of EveryMatrix’s financial performance underlines their robust market position and strategic prowess in the gaming industry.
The takeover bid by EveryMatrix for Fantasma is a highly commendable move, demonstrating a clear strategic vision for growth and a strong commitment to delivering value to shareholders. The premium over the current market valuation is a testament to the confidence in Fantasma’s potential and the synergies that this partnership can bring about. This is an exciting development that promises to enhance the market presence and competitive edge of both companies.
This takeover proposal by EveryMatrix seems like a win-win for both companies involved. EveryMatrix’s strategic foresight in acquiring Fantasma, alongside their impressive financial performance, positions them for even greater future success. For Fantasma shareholders, the premium offer provides a fantastic exit opportunity, reflecting the strong market confidence in the value EveryMatrix sees in Fantasma. It’s exciting to see how this acquisition will play out in the competitive igaming industry.
The strategic acquisition of Fantasma Games by EveryMatrix clearly demonstrates a powerful move within the igaming industry, not only expanding EveryMatrix’s portfolio but also enhancing its international reach. The premium offer to Fantasma’s shareholders and the positive financial trajectories of both companies highlight the potential for substantial value creation and market competitiveness. This merger seems poised for success, offering promising prospects for both entities involved.
This takeover bid by EveryMatrix seems like a well-thought-out move. With Fantasma’s promising financial performance and EveryMatrix’s strategic vision, this acquisition could really bolster their position in the igaming industry. The premium offered also reflects confidence in Fantasma’s value and future prospects. It sounds like a win-win for shareholders and both companies involved.
This takeover bid by EveryMatrix appears to be a highly strategic move that not only is set to offer substantial value to Fantasma’s shareholders but also signals the potential for a stronger, more competitive presence in the igaming industry. The significant premium on the offer price reflects positively on Fantasma’s valuation and showcases confidence in its future performance. Moreover, the anticipated synergy between Fantasma’s innovative game portfolio and EveryMatrix’s expansive network could indeed mark a pivotal moment for enhancing user experiences and driving further market penetration. This is definitely an exciting development to watch.