Raketech has agreed to sell Casumba to an undisclosed buyer in deal valued at a fixed consideration of €12m (£10.5m) due to “regulatory developments affecting its markets”.
The Malta-based affiliate announced the deal today, 24 September, which will see the unnamed buyer make monthly instalments through to December 2029 with no upfront cash payment.
Raketech said the deferred consideration has been measured at the fair value of approximately €7m at closing.
The remaining €5m difference between the fixed consideration and fair value is related to an “element of ongoing credit risk and the extended payment schedule”, Raketech added.
Casumba and the related assets were on course to produce annual revenue of €4m and EBITDA of €2.9m based on Q2 2025 run rate.
As part of the transaction, Raketech will record a non-cash loss on the disposal of around €10m in Q3 2025.
Raketech said the decision to dispose of the Casumba assets was due to regulatory shifts in its markets and a focus on “core markets and sustainable growth”.
“This move aims to remove regulatory risks and redirect capital to Raketech’s leading igaming affiliation platform, AffiliationCloud,” the business noted.
Raketech snapped up Casumba in August 2019 for an upfront payment of €2m. Casumba mainly operated in Japan.
As part of the deal, Raketech included an initial earnout capped at €2.1m through to 31 December 2021 and then a second, uncapped earnout based on future performance through to 31 July 2024.
In May of this year, Raketech extended the final earnout payment period, which had settled at €20.6m, from September 2026 through to March 2028.
Johan Svensson, Raketech CEO, said: “This sale marks another step in refining our portfolio and concentrating on our core goal of creating the top commercial platform for igaming affiliation.
“By divesting Casumba, we eliminate regulatory exposure and unlock resources for growth opportunities. This transaction reflects our dedication to sustainable shareholder value and financial discipline.”
The post Raketech to divest Casumba amid “regulatory developments” first appeared on EGR Intel.
Affiliate agrees deal valued at a fixed consideration of €12m with an undisclosed buyer, six years after first acquiring the Asia-focused asset
The post Raketech to divest Casumba amid “regulatory developments” first appeared on EGR Intel.