Livingstone’s Consumer sector team has advised Recreativos Franco, S.A.U., a leading Spanish manufacturer of slot machines, on the acquisition of a majority stakeholding of Mediatech Solutions, S.L.
Founded in Madrid in 1965, Recreativos Franco is the largest manufacturer of slot machines in Spain and in Latin America. The Group has been instrumental in the development of the gaming industry in Spain, with operations in over 50 countries. R Franco is now developing with new formats such as online gaming machine interconnectivity and integrated game management solutions for bars, casinos and bingos halls.
Founded in 2009, Mediatech Solutions is a Spanish supplier of management and technological solutions for the gaming industry, principally through a software platform for online gaming, that also allows interaction with physical gaming machines. Mediatech also offers consultancy services to companies, governments and regulatory bodies on how to efficiently reach out to clients in unregulated markets. In the last three years, Mediatech has won 20% market share of online gaming systems, as well as winning new clients in Latin America and Asia. With the acquisition of Mediatech Solutions, the Recreativos Franco Group has strengthened its strategic position in the sector and its overall presence in the online gaming industry.
Alejandro Casanova Acebes, New Business Development Director of Recreativos Franco said: “It has been a pleasure to work with the Livingstone team on this transaction. Their dedication, and outstanding open and systematic approach, were fundamental in the completion of this transaction and helped to ensure the best terms for the parties involved.”
Neil Collen, Partner of Livingstone Madrid, concluded: “We are very pleased to have helped Recreativos Franco to cement this strategic move. Livingstone’s Consumer team was delighted to deploy our market knowledge and negotiation experience to help our client in such a key transaction.”