Playtech a Target for Private Equity Firms Report Shows

In an in-depth article in the Times Newspaper Playtech the igaming software company has again been mentioned as a potential target for private equity firms looking at delisting the firm amidst struggles in the public listed sector.

The Times points to the fact that in privately held hands it is much easier for companies to look at cost-cutting programmes than as a PLC.

In a review of the top 10 UK companies that are potential targets Playtech rank 5^th on the list as pressure from economic forces push their share prices down even thou many of those firms are performing well.

One analyst pointed out that equity firms are looking at small to medium sized companies that have strong cashflows, are relatively debt free or have no forthcoming refinancing measures.

Playtech are one of those companies with good cashflows and a strong balance sheet, indeed previously companies and groups have tried to acquire Playtech with little success and this could again be the same but if pressure grows on the share valuation Playtech could very well become a target once more.

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Playtech a Target for Private Equity Firms Report Shows
Source: Trend Philippines News