UK-based private equity firm Bridgepoint-led consortium has agreed to acquire Swedish gaming company Cherry AB in a 9.19 billion Swedish crowns ($1 billion) takeover deal.
The consortium will pay for Cherry’s common shares at $9.62 per share.
The takeover offer comes nearly two months after UK-based bookmaker William Hill’s offer for Swedish online gambling company Mr Green & Co.
In August 2018, Bridgepoint divested its minority stake to U.S.-based venture capital firm Dyal Capital Partners.