Novibet’s CFO Al Alevizakos has left his position with the Greek operator ahead of its impending acquisition by Allwyn.
After his departure, Alevizakos will now serve as advisor to the CEO at private banking firm Alpha Bank following his 16-month tenure at Novibet.
Late last year, Allwyn announced the purchase of a 51% stake in Novibet’s parent company, Logflex MT Holding Limited, in a deal worth up to €327m.
The transaction, expected to close by H2 2025, will include an initial payment of €217m, with a further €110m in potential earnouts.
Upon the deal’s completion, Novibet will operate as a separate company under its current brand and management team.
Alevizakos had served as Novibet’s CFO since September 2023 prior to the acquisition.
Writing on LinkedIn after the takeover’s announcement, Alevizakos said: “The successful completion of this transaction marks my decision to step down as Novibet’s group CFO, effective immediately.
“I would like to express my deepest gratitude to both Novibet and Allwyn teams for their exceptional efforts, and especially to [founder] Rodolfo Odoni and [CEO] Georgios Athanasopoulos for their continuous support and trust during my tenure at the group.
“I have every confidence that Novibet’s exceptional team fuelled with this partnership will yield remarkable success in the future.”
Before joining Novibet, Alevizakos spent two years as managing director investment banking firm Axia Ventures Group from October 2021 to October 2023.
He also worked at financial services firm TP ICAP from September 2019 to October 2021, serving as group head of investor relations and head of investor relations and financial planning and analysis.
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The post Novibet CFO exits following Allwyn acquisition first appeared on EGR Intel.
Al Alevizakos takes on an advisory role at Alpha Bank after stepping down from his position following the €327m transaction
The post Novibet CFO exits following Allwyn acquisition first appeared on EGR Intel.