Our Practice
M&A Advisory
Buying or selling in iGaming, fintech, or offshore services is not the same as a standard acquisition. The regulatory layer alone can kill a deal.
Most M&A advisors understand deal mechanics. What they don’t understand is the regulatory layer that sits underneath iGaming, fintech, and offshore businesses. Licence transfers, change-of-control notifications, multi-jurisdictional compliance — these aren’t line items in a due diligence checklist. They’re the things that kill deals or delay closings by months.
We’ve been inside these industries for nearly 30 years. We know which regulators move slowly, which licence conditions survive a change of ownership, and where the real risks sit in a target’s compliance history. That’s the difference between advice from someone who has read about regulated M&A and advice from someone who has lived it.
In regulated M&A, the deal mechanics are the straightforward part. It’s the licence transfer and regulator approvals that determine whether you close on time — or at all.
Whether you’re acquiring a licensed operator, preparing your business for sale, or need an independent valuation before negotiations begin — we work alongside you from the first conversation to the final signature. Discreet, hands-on, and focused on getting the deal done right.
Three ways we work with you
Every transaction is different. We’ll tell you what makes sense for your situation and what to expect at each stage.
Talk to our teamAdvisory Services
Buy-Side Advisory
Identifying targets, regulatory due diligence, licence transfer strategy, and deal structuring. We help you acquire with confidence in regulated industries.
Learn moreSell-Side Advisory
Preparing your business for sale, positioning for maximum value, and managing the regulatory approvals that buyers need before closing.
Learn moreValuations
Independent business valuations that account for the regulatory assets most valuers overlook — licences, compliance history, and jurisdictional positioning.
Learn moreCommon questions about regulated M&A
How long does a regulated M&A transaction typically take?
There’s no standard timeline. A single-jurisdiction deal with cooperative regulators can move relatively quickly. Multi-jurisdictional deals with multiple licence transfers take significantly longer — each regulator works on their own schedule. The biggest variable is always regulator response time, and some move in weeks while others take months. We’ll give you a realistic timeline based on the specific regulators involved and help you structure the deal to avoid unnecessary delays.
What happens to gaming or fintech licences when a company is acquired?
It varies by jurisdiction and licence type. In some cases, a change of ownership triggers a formal change-of-control notification and regulator approval before the deal can complete. In others, the requirements are lighter. The specifics depend on the licence, the jurisdiction, and how the deal is structured. This is one of the most common areas where deals get delayed or fall apart. We map the licence transfer requirements early in the process so there are no surprises at closing.
Do I need separate regulatory approval in each jurisdiction?
Yes, in most cases. If the target company holds licences in multiple jurisdictions, you’ll need to satisfy the change-of-control requirements in each one independently. The timelines, documentation, and approval processes differ between regulators. Some can run in parallel; others are sequential and depend on approvals elsewhere. We coordinate the multi-jurisdictional approval process and ensure nothing falls through the cracks.
How do you value a licensed business differently from a standard company?
A licensed business carries regulatory assets that don’t appear on a standard balance sheet. The licence itself has value — it represents market access, regulatory approval, and compliance infrastructure that would cost time and money to replicate. We also assess compliance history, licence conditions, pending regulatory actions, and the transferability of key authorisations. These factors can significantly affect the valuation in both directions — a clean compliance record adds value, while unresolved regulatory issues represent real risk that needs to be priced in.
Ready to discuss a transaction?
Nearly 30 years. iGaming, fintech, and corporate — we know the industries, the jurisdictions, and the regulators.
Get a direct answer