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Delphi advisor to the owners in connection with the sale of Nolimit City to Evolution

The owners of Nolimit City have on 22 June 2022 entered into an agreement with Evolution Malta Holding Limited, a wholly-owned subsidiary of Evolution AB (publ), to sell Nolimit City Holding Ltd for a consideration of up to EUR 340 million, including EUR 140 million in potential earn-out. Completion of the transaction is conditional upon receipt of regulatory approvals and is expected during Q3 2022.

Nolimit City is an innovative, world-leading producer of online slots games that has created its own niche in the market through games with sometimes provocative themes and a humorous touch. Nolimit City games stand out and offer players a unique, graphically rich playing experience. Nolimit City titles include award-winning games such as Mental, San Quentin and East Coast/West Coast. With the Nolimit City brand, Evolution extends its portfolio of world leading slot brands that already includes NetEnt, Red Tiger and Big Time Gaming.

Delphi advises the owners of Nolimit City with a team consisting primarily of Michael Juhlin, Christoffer Malmström and Ellen Karp Jakobsson.