Oaktree Capital Has Acquired Interblock
Oaktree Capital Management, the investment company, has announced the acquisition of Interblock, the Electronic Table Games (ETG) machines provider. This is the latest investment in the gaming sector from Oaktree.
Interblock has been providing electronic table gaming products to operators for 29 years and is a globally recognized brand providing games in 212 territories. The company has a wide range of ETG, and these are located in all types of gaming venues.
We have delivered robust growth over the past six years, which can be attributed to the company’s dedicated team of ETG specialists, best in class product portfolio, data-driven decision making, and our continued focus on innovation. There is significant momentum within the Electronic Table Game sector, making it the right time to partner with one of the largest private equity firms in the world – Oaktree. […] Moving forward, we are excited about our partnership with Oaktree and the ability to further accelerate our momentum, concentrating on both organic growth and potential acquisitions.
The high-quality games that Interblock offer have seen the provider become the leading supplier of table games in North America, Latin America, and the EMEA. Interblock will retain its independence and still be operated as a separate company.
David Quick, the Managing Director in Oaktree’s Special Situations Group and Board Member of Interblock, commented. “We look forward to being a part of this exciting new chapter for Interblock, which boasts significant market leadership in an incredibly fast-growing industry, an attractive financial profile, and durable customer relationships.”. He also added that both companies would be working closely together to achieve growth and the long-term strategy for Interblock.