Affiliate Industry
Raketech Takes Over Lead Republik
Raketech, the Malta-based iGaming performance marketing partner, is all set to expand its global footprint by acquiring all the assets of Lead Republik, another Malta-based iGaming affiliate network and media company with global revenues. The acquisition is estimated to be worth EUR 1.4m.
The purchase price represents a multiple of approximately 3x EBITDA and 0.5x revenues for the last one year. It is learned that the possibility of additional earnout payments based on certain performance measures is also a part of the deal.
“This acquisition is ticking a lot of strategic boxes, as it gives us further footprint in markets important for our key partners at the same time as it contributes with technical know-how in form of a high qualitative technical platform together within competence within conversion optimization and paid media. We further see strong synergies when combining Lead Republik’s offering with our know-how, within organic search,” Oskar Mühlbach, CEO of Raketech said.
“I am furthermore really glad to have the brilliant Lead Republik team on board and to be able to conclude that the Sellers will continue their involvement for the upcoming 12 months in order to secure a smooth handover and accelerate further expansion into new markets,” Oskar Mühlbach added.
