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News Corporate Deals 31st Jan 2022

Freeths advises Hanover Investors on acquisition of eCOGRA

The Freeths corporate team has advised Hanover Investors on the acquisition of international certification agency eCOGRA.

eCOGRA is a leading independent and internationally approved testing and certification agency for the online gambling industry. eCOGRA focuses on using its in-house certification methodologies and expertise to enable player protection, fair gaming and responsible conduct by operators and software providers.

In regulated markets, gambling operators, games developers and relevant service providers must work with approved Independent Testing Laboratories, such as eCOGRA, to ensure their products are continuously certified as compliant with local rules and regulations.

eCOGRA offers testing and inspection services, cybersecurity assessment, product certification and accredited ISO/IEC 27001 information security management certification. It is an approved testing agency and certification body for more than 30 jurisdictions across Europe, North and South America and Asia. It has also been approved to provide alternative dispute resolution to gambling operators licensed by the Great Britain Gambling Commission or the Malta Gaming Authority.

eCOGRA was acquired for an undisclosed sum via Hanover Active Equity Fund II. Investec Growth & Leveraged Finance provided the debt financing to support the transaction.

The Freeths team was led by corporate partner Francis Dalton, supported by associate Matthew Cooper and senior associate Henrietta Rendell.

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