Slovenian gaming product supplier Interblock has been acquired by funds managed by American global asset management firm Oaktree Capital Management, LP, the company has announced.
Although Interblock will continue to operate as an independent business, the acquisition is the latest in a series of gaming investments by Oaktree, which also holds an interest in video game terminal operator J&J Ventures and Nevada’s Cannery Casino Resorts.
“We have delivered robust growth over the past six years, which can be attributed to the company’s dedicated team of ETG specialists, best in class product portfolio, data driven decision making and our continued focus on innovation,” said John Connelly, Global CEO of Interblock.
“There is significant momentum within the Electronic Table Game sector, making it the right time to partner with one of the largest private equity firms in the world – Oaktree. Moving forward, we are excited about our partnership with Oaktree and the ability to further accelerate our momentum, concentrating on both organic growth and potential acquisitions.”
David Quick, Managing Director in Oaktree’s Special Situations Group and Board Member of Interblock, added, “We look forward to being a part of this exciting new chapter for Interblock, which boasts significant market leadership in an incredibly fast-growing industry, an attractive financial profile and durable customer relationships. We will work closely with John and the Company’s world-class leadership team to advance the growth plan and achieve their long-term vision for the business.”
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