Private equity firm Joffre Capital acquires minority stake in Playtika for $2 bln

Playtika Holding

28/06/2022 16:28

June 28 (Reuters) - Private equity firm Joffre Capital will
acquire a minority stake in Israeli gaming firm Playtika Holding
Corp  PLTK.O  for over $2 billion from Chinese investment group
Giant Investment Co. Ltd, according to a regulatory filing on
Tuesday.
    Joffre will pay $21 per share for 106.1 million Playtika
shares, representing a premium of about 46% to the company's
closing price on Monday. Playtika's shares fell 5% to $13.53 in
early trading.
    The stake represents 25.73% of outstanding shares of
Playtika, according to the filing.
    In January, Playtika announced it was exploring the sale of
15% to 25% of the company's stock.
    Through the deal, Joffre will nominate two board members,
who will be recommended by the Chinese investment group.  

 (Reporting by Yuvraj Malik in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((yuvraj.malik@thomsonreuters.com;))